We examine the factors that are associated with whether a bill passes the committee stage in the U.S. House of Representatives. Probit results for the 97th and 98th Congresses show that a bill is more likely to pass (1) if the sponsor chairs the committee that considers the bill or a subcommittee of that committee; (2) the higher the number of Democratic cosponsors who sit on the committee; (3)...

The objective of this research is to understand the demand for information technology among trucking companies. A multivariate discrete choice model is estimated on data from a large-scale survey of the trucking industry in California. This model is designed to identify the influences of each of twenty operational characteristics on the propensity to adopt each of seven different information te...

Poirier (1980, JoE) considered a bivariate probit model in which the binary dependent variables y 1 and y 2 were not observed individually, but the product z = y 1 @y 2 was observed. This paper expands this notion of partial observability to multivariate settings.

This article studies a family of multivariate skew-symmetric distributions. We show that any multivariate probability density function admits a skewsymmetric representation. We derive several characteristics of this representation and establish an invariance property. We present a stochastic representation of skew-symmetric distributions which lends itself readily to simulations. The flexibilit...

SUMMARY The development of adequate models for binary time series data with covariate adjustment has been an active research area in the last years. In the case, where interest is focused on marginal and association parameters, generalized estimating equations (GEE) (see for example Lipsitz, Laird and Harrington (1991) and Liang, Zeger and Qaqish (1992)) and likelihood (see for example Fitzmaur...

We derive the exact probability density function of the maximum of arbitrary absolutely continuous dependent random variables and of absolutely continuous exchangeable random variables. We show this density is related to the family of fundamental skew distributions. In particular, we examine the case where the random variables have an elliptically contoured distribution. We study some particula...

The entropy and mutual information index are important concepts developed by Shannon in the context of information theory. They have been widely studied in the case of the multivariate normal distribution. We first extend these tools to the full symmetric class of multivariate elliptical distributions and then to the more flexible families of multivariate skew-elliptical distributions. We study...

Between 1993 and 1995, the majority of German firms in services introduced new organizational practices (OC), in particular total quality management systems, certified ISO 9000, lean administration, flatter hierarchies, delegation of authority and ICT-enabled organizational changes). This paper analyzes the impact of organizational change as well as the impact of the introduction of information...

Empirical research on European stock markets has shown that they behave differently according to the performance of the leading financial market identified as the US market. A positive sign is viewed as good news in the international financial markets, a negative sign means, conversely, bad news. As a result, we assume that European stock market returns are affected by endogenous and exogenous ...