We define a general class of network formation models, Statistical Exponential Random Graph Models (SERGMs), that nest standard exponential random graph models (ERGMs) as a special case. We provide the first general results on when these models’ (including ERGMs) parameters estimated from the observation of a single network are consistent (i.e., become accurate as the number of nodes grows). Ne...

Incomplete preferences over lotteries on a finite set of alternatives satisfying, besides independence and continuity, a property called bad outcome aversion are considered. These preferences are characterized in terms of their specific multi-expected utility representations (cf. Dubra et al., 2004), and can be seen as generalized stochastic dominance preferences. JEL-classification: C0, D0

The Revenue Equivalence Theorem is generalized to the case of asymmetric auctions in which each player’s valuation is drawn independently from a common support according to his/her distribution function. r 2003 Elsevier Inc. All rights reserved. JEL classification: D44; D72; D82

If an aggregative game satisfies the generalized Hahn conditions, then there exists a unique Nash equilibrium, which may not be interior and is globally stable under two alternative continuous adjustment processes with non-negativity constraints. JEL Classification Numbers: C72, D43, L13.

Program Quality and Treatment Completion for Youth Training Programs This paper analyzes the effects of training quality on the likelihood of treatment completion by estimating dose-response functions via a generalized propensity score. Results show a statistically positive relationship between training quality and treatment completion for youth participants in Peru. JEL Classification: I3, J2, C8

It is well-know that estimation by reduced rank regression is given by the solution to a generalized eigenvalue problem. This paper presents a new proof to establish this result and provides additional insight into the structure of the estimation problem. The proof is a direct algebraic proof that some might find more intuitive than existing proofs. JEL Classification: C3, C32

The satisficing approach is generalized and applied to finite n-person games. Based on direct elicitation of aspirations, we formally define the concept of satisficing, which does not exclude (prior-free) optimality but includes it as a border case. We also review some experiments on strategic games illustrating and partly supporting our theoretical approach. JEL classification: C72; C92; D01

This paper provides a theoretical fractional cointegration analysis in a nonparametric framework. We solve a generalized eigenvalues problem, extending Bierens’ (1997) approach. To this end, a couple of random matrices is constructed, distinguishing between stationary and nonstationary part of the fractional integrated process. The asymptotic behavior of such matrices is studied and convergence...

If an aggregative game satisfies the generalized Hahn conditions, then there exists a unique Nash equilibrium which may not be interior and is globally asymptotically stable under two alternative continuous adjustment processes with non-negativity constraints. JEL Classification Numbers: C72, D43, L13.

We characterize a family of r-extended generalized Lorenz dominance quasi-orderings and a family of r-Gini welfare orderings, on the basis of two allegedly “incompatible” axioms for heterogeneous welfare comparisons (Ebert, 1997, Ebert and Moyes, 2003, Shorrocks, 1995), but at the cost of either completeness or separability. JEL classification: D31, D63, I31.