As a result of increasing competition, European financial intermediaries have had to place an increasing emphasis on reducing total costs. Although expenditure on wages represent a major element of these costs there is a dearth of studies analyzing wage levels in the sector. This paper examines reservation wage levels in the financial services sector by utilizing OLS and stochastic frontier met...

Despite their strengths, object-oriented metho ds (OOMs) and their supporting CASE to ols often do not produce models that are amenable to rigor ous semantic analysis. This is a direct result of their loosely de ned semantics. In this paper we outline our ongoing work on providing a semantic b ase for OOMs.

This paper has two objectives. The first is to review the basic principles underlying the identification of conventional econometric evaluation estimators and their recent extensions. The second is to apply the analysis to make explicit the implicit assumptions used in the method of matching. Matching is a version of nonparametric least squares and it suffers from the problem associated with or...

This paper studies the error in forecasting an autoregressive process with a deterministic component. We show that when the data are strongly serially correlated, forecasts based on a model that detrends the data using OLS before estimating the autoregressive parameters are much less precise than those based on an autoregression that includes the deterministic components, and the asymptotic dis...

Quality assessment of jazz improvisation is a multi-faceted, high-level cognitive task routinely performed by educators in university jazz programs and other discriminating music listeners. In this pilot study, we present a novel dataset of 88 MIDI jazz piano improvisations with ratings of creativity, technical proficiency, and aesthetic appeal provided by four jazz experts, and we detail the d...