Functional panels are collections of functional time series, and arise often in the study of high frequency multivariate data. We develop a portmanteau style test to determine if the cross-sections of such a…
We compare two commonly used mechanisms in public procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private…
While binding reverse auctions have attracted a good deal of interest in the academic literature, in practice dynamic non-binding auctions, sometimes referred to as bidding contests, are the norm in…
In the presence of heteroscedasticity, conventional standard errors (which assume homoscedasticity) can be biased up or down. The most common form of heteroscedasticity leads to conventional standard errors that…
Recent multilateral climate negotiations have underlined the importance of international cooperation and the need for support from developed to developing countries to address climate change. This raises the…
