11,651 research outputs found
Panel Smooth Transition Regression Models
We develop a non-dynamic panel smooth transition regression model with fixed individual effects. The model is useful for describing heterogenous panels, with regression coefficients that vary across individuals and over time. Heterogeneity is allowed for by assuming that these coefficients are continuous functions of an observable variable through a bounded function of this variable and fluctuate between a limited number (often two) of âextreme regimesâ. The model can be viewed as a generalization of the threshold panel model of Hansen (1999). We extend the modelling strategy for univariate smooth transition regression models to the panel context. This comprises of model specification based on homogeneity tests, parameter estimation, and diagnostic checking, including tests for parameter constancy and no remaining nonlinearity. The new model is applied to describe firms' investment decisions in the presence of capital market imperfections.financial constraints; heterogeneous panel; invesatment; misspecification test; nonlinear modelling panel data; smooth transition model
Panel Smooth Transition Regression Models
We develop a non-dynamic panel smooth transition regression model with fixed individual effects. The model is useful for describing heterogenous panels, with regression coefficients that vary across individuals and over time. Heterogeneity is allowed for by assuming that these coefficients are continuous functions of an observable variable through a bounded function of this variable and fluctuate between a limited number (often two) of âextreme regimesâ. The model can be viewed as a generalization of the threshold panel model of Hansen (1999). We extend the modelling strategy for univariate smooth transition regression models to the panel context. This comprises of model specification based on homogeneity tests, parameter estimation, and diagnostic checking, including tests for parameter constancy and no remaining nonlinearity. The new model is applied to describe firmsâ investment decisions in the presence of capital market imperfections.financial constraints; heterogenous panel; investment; misspecification test; nonlinear modelling panel data; smooth transition models
A Detail Based Method for Linear Full Reference Image Quality Prediction
In this paper, a novel Full Reference method is proposed for image quality
assessment, using the combination of two separate metrics to measure the
perceptually distinct impact of detail losses and of spurious details. To this
purpose, the gradient of the impaired image is locally decomposed as a
predicted version of the original gradient, plus a gradient residual. It is
assumed that the detail attenuation identifies the detail loss, whereas the
gradient residuals describe the spurious details. It turns out that the
perceptual impact of detail losses is roughly linear with the loss of the
positional Fisher information, while the perceptual impact of the spurious
details is roughly proportional to a logarithmic measure of the signal to
residual ratio. The affine combination of these two metrics forms a new index
strongly correlated with the empirical Differential Mean Opinion Score (DMOS)
for a significant class of image impairments, as verified for three independent
popular databases. The method allowed alignment and merging of DMOS data coming
from these different databases to a common DMOS scale by affine
transformations. Unexpectedly, the DMOS scale setting is possible by the
analysis of a single image affected by additive noise.Comment: 15 pages, 9 figures. Copyright notice: The paper has been accepted
for publication on the IEEE Trans. on Image Processing on 19/09/2017 and the
copyright has been transferred to the IEE
Fuel subsidies versus market power : is there a countervailing second-best optimum?
Fuel subsidies distort end-use prices below cost, resulting in overconsumption and huge environmental cost. On the other hand, the mark-up over cost due to the exercise of market power results in the social loss of consumer surplus. We open a new line of inquiry into the potential for a market-based solution from these two countervailing forces: can the two offsetting distortions conceivably achieve a second- best optimum? Relying on dynamic panel techniques and gasoline market data for 68 developing countries, we uncover an excessive second-best subsidy offset to market power mark-up on the order of 4.5. Our results indicate that the potential for policy failure strongly exceeds the potential for market failure in our model, and gasoline prices across our sample may not be aligned with vigorous anti-climate change policy
Distributed Detection and Estimation in Wireless Sensor Networks
In this article we consider the problems of distributed detection and
estimation in wireless sensor networks. In the first part, we provide a general
framework aimed to show how an efficient design of a sensor network requires a
joint organization of in-network processing and communication. Then, we recall
the basic features of consensus algorithm, which is a basic tool to reach
globally optimal decisions through a distributed approach. The main part of the
paper starts addressing the distributed estimation problem. We show first an
entirely decentralized approach, where observations and estimations are
performed without the intervention of a fusion center. Then, we consider the
case where the estimation is performed at a fusion center, showing how to
allocate quantization bits and transmit powers in the links between the nodes
and the fusion center, in order to accommodate the requirement on the maximum
estimation variance, under a constraint on the global transmit power. We extend
the approach to the detection problem. Also in this case, we consider the
distributed approach, where every node can achieve a globally optimal decision,
and the case where the decision is taken at a central node. In the latter case,
we show how to allocate coding bits and transmit power in order to maximize the
detection probability, under constraints on the false alarm rate and the global
transmit power. Then, we generalize consensus algorithms illustrating a
distributed procedure that converges to the projection of the observation
vector onto a signal subspace. We then address the issue of energy consumption
in sensor networks, thus showing how to optimize the network topology in order
to minimize the energy necessary to achieve a global consensus. Finally, we
address the problem of matching the topology of the network to the graph
describing the statistical dependencies among the observed variables.Comment: 92 pages, 24 figures. To appear in E-Reference Signal Processing, R.
Chellapa and S. Theodoridis, Eds., Elsevier, 201
Nonparametric covariate-adjusted regression
We consider nonparametric estimation of a regression curve when the data are
observed with multiplicative distortion which depends on an observed
confounding variable. We suggest several estimators, ranging from a relatively
simple one that relies on restrictive assumptions usually made in the
literature, to a sophisticated piecewise approach that involves reconstructing
a smooth curve from an estimator of a constant multiple of its absolute value,
and which can be applied in much more general scenarios. We show that, although
our nonparametric estimators are constructed from predictors of the unobserved
undistorted data, they have the same first order asymptotic properties as the
standard estimators that could be computed if the undistorted data were
available. We illustrate the good numerical performance of our methods on both
simulated and real datasets.Comment: 32 pages, 4 figure
Fast Genome-Wide QTL Association Mapping on Pedigree and Population Data
Since most analysis software for genome-wide association studies (GWAS)
currently exploit only unrelated individuals, there is a need for efficient
applications that can handle general pedigree data or mixtures of both
population and pedigree data. Even data sets thought to consist of only
unrelated individuals may include cryptic relationships that can lead to false
positives if not discovered and controlled for. In addition, family designs
possess compelling advantages. They are better equipped to detect rare
variants, control for population stratification, and facilitate the study of
parent-of-origin effects. Pedigrees selected for extreme trait values often
segregate a single gene with strong effect. Finally, many pedigrees are
available as an important legacy from the era of linkage analysis.
Unfortunately, pedigree likelihoods are notoriously hard to compute. In this
paper we re-examine the computational bottlenecks and implement ultra-fast
pedigree-based GWAS analysis. Kinship coefficients can either be based on
explicitly provided pedigrees or automatically estimated from dense markers.
Our strategy (a) works for random sample data, pedigree data, or a mix of both;
(b) entails no loss of power; (c) allows for any number of covariate
adjustments, including correction for population stratification; (d) allows for
testing SNPs under additive, dominant, and recessive models; and (e)
accommodates both univariate and multivariate quantitative traits. On a typical
personal computer (6 CPU cores at 2.67 GHz), analyzing a univariate HDL
(high-density lipoprotein) trait from the San Antonio Family Heart Study
(935,392 SNPs on 1357 individuals in 124 pedigrees) takes less than 2 minutes
and 1.5 GB of memory. Complete multivariate QTL analysis of the three
time-points of the longitudinal HDL multivariate trait takes less than 5
minutes and 1.5 GB of memory
A range unit root test
Since the seminal paper by Dickey and Fuller in 1979, unit-root tests have conditioned the standard approaches to analyse time series with strong serial dependence, the focus being placed in the detection of eventual unit roots in an autorregresive model fitted to the series. In this paper we propose a completely different method to test for the type of long-wave patterns observed not only in unit root time series but also in series following more complex data generating mechanisms. To this end, our testing device analyses the trend exhibit by the data, without imposing any constraint on the generating mechanism. We call our device the Range Unit Root (RUR) Test since it is constructed from running ranges of the series. These statistics allow a more general characterization of a strong serial dependence in the mean behavior, thus endowing our test with a number of desirable properties, among which its error-model-free asymptotic distribution, the invariance to nonlinear monotonic transformations of the series and the robustness to the presence of level shifts and additive outliers. In addition, the RUR test outperforms the power of standard unit root tests on near-unit-root stationary time series and is asymptotically immune to noise
A RANGE UNIT ROOT TEST
Since the seminal paper by Dickey and Fuller in 1979, unit-root tests have conditioned the standard approaches to analyse time series with strong serial dependence, the focus being placed in the detection of eventual unit roots in an autorregresive model fitted to the series. In this paper we propose a completely different method to test for the type ofâlong-waveâ patterns observed not only in unit root time series but also in series following more complex data generating mechanisms. To this end, our testing device analyses the trend exhibit by the data, without imposing any constraint on the generating mechanism. We call our device the Range Unit Root (RUR) Test since it is constructed from running ranges of the series. These statistics allow a more general characterization of a strong serial dependence in the mean behavior, thus endowing our test with a number of desirable properties, among which its error-model-free asymptotic distribution, the invariance to nonlinear monotonic transformations of the series and the robustness to the presence of level shifts and additive outliers. In addition, the RUR test outperforms the power of standard unit root tests on near-unit-root stationary time series and is asymptotically immune to noise.
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