Relating fiscal decentralization and financial inclusion to environmental sustainability: Criticality of natural resources

M Ahmad, E Satrovic - Journal of Environmental Management, 2023 - Elsevier
This study deals with a novel perspective on how natural resource dependence (NRD) and
natural resource abundance (NRA) moderate the effects of fiscal decentralization and …

Environmental policy, green trade and sustainable development in Europe: New perspective on the Porter hypothesis

G Olasehinde-Williams… - Energy & …, 2023 - journals.sagepub.com
This study tests the validity of the Porter hypothesis through the examination of the joint
effects of green trade and environmental policy stringency on sustainable development in …

Feature-splitting algorithms for ultrahigh dimensional quantile regression

J Wen, S Yang, CD Wang, Y Jiang, R Li - Journal of Econometrics, 2023 - Elsevier
This paper is concerned with computational issues related to penalized quantile regression
(PQR) with ultrahigh dimensional predictors. Various algorithms have been developed for …

True cost of immediacy

T Hendershott, D Li, D Livdan… - Swiss Finance Institute …, 2020 - papers.ssrn.com
Markets can give a false impression of their liquidity and stability if failed attempts to trade
are not accounted for. We quantify this bias by estimating the distribution of investors' …

Estimating conditional value-at-risk with nonstationary quantile predictive regression models

C Katsouris - arXiv preprint arXiv:2311.08218, 2023 - arxiv.org
This paper develops an asymptotic distribution theory for a two-stage instrumentation
estimation approach in quantile predictive regressions when both generated covariates and …

[HTML][HTML] When failure is an option: Fragile liquidity in over-the-counter markets

T Hendershott, D Li, D Livdan, N Schürhoff - Journal of Financial Economics, 2024 - Elsevier
Markets can give false impressions of liquidity and stability if failed attempts to trade are
ignored. For collateralized loan obligations, we quantify this bias by estimating the total cost …

[HTML][HTML] Carbon pricing and aggregate macroeconomic performance in the Eurozone: a contribution to the climate policy debate using the EU ETS and …

G Olasehinde-Williams - Environmental Science and Pollution Research, 2024 - Springer
This article contributes to the carbon pricing debate by providing new evidence on the
aggregate macroeconomic effect of the European Union Emissions Trading Scheme (EU …

Estimation of auction models with shape restrictions

J Pinkse, K Schurter - arXiv preprint arXiv:1912.07466, 2019 - arxiv.org
We introduce several new estimation methods that leverage shape constraints in auction
models to estimate various objects of interest, including the distribution of a bidder's …

Nonparametric inference on counterfactuals in first-price auctions

P Andreyanov, G Franguridi - arXiv preprint arXiv:2106.13856, 2021 - arxiv.org
In a classical model of the first-price sealed-bid auction with independent private values, we
develop nonparametric estimation and inference procedures for a class of policy-relevant …

Estimation and inference of seller's expected revenue in first-price auctions

F Zincenko - Journal of Econometrics, 2024 - Elsevier
I propose an estimator for the seller's expected revenue function in a first-price sealed-bid
auction with independent private values and symmetric bidders, who can exhibit constant …