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We interpret an ìequality matchingîrelationship as a chips mechanism, and we characterize the optimal chips mechanism in a repeated favor-exchange game. We then compare the optimal chips mechanis...
IS BROWNIAN MOTION NECESSARY TO MODEL HIGH-FREQUENCY DATA?
Semimartingale Brownian motion jumps finite activity infinite activity discrete sampling high frequency
2014/3/13
This paper considers the problem of testing for the presence of a continuous part in a semimartingale sampled at high frequency. We provide two tests, one where the null hypothesis is that a continuou...
A Model of Skill Acquisition: An Inquiry into the Effect of Skill Variety on Educational Choice
skill acquisition mechanism education under uncertainty skill variety
2009/5/7
While numerous studies have specifically examined the role of education as an investment, a signal, or a consumption, this paper addresses another important aspect of education: it provides people wi...
Deferred Action: Theoretical model of process architecture design for emergent business processes
service science Theory of Deferred Action
2008/11/11
E-Business modelling and ebusiness systems development assumes fixed company resources, structures, and business processes. Empirical and theoretical evidence suggests that company resources and stru...
A Model of Skill Acquisition: An Inquiry into the Effect of Skill Variety on Educational Choice
skill acquisition mechanism education under uncertainty skill variety
2010/12/7
While numerous studies have specifically examined the role of education as an investment, a signal, or a consumption, this paper addresses another important aspect of education: it provides people wit...