Ricci dark energy in Chern-Simons modified gravity

In this work, we have considered the Ricci dark energy model, where the energy density of the universe is proportional to the Ricci scalar curvature, in the dynamic Chern-Simons modified gravity. We show that in this context the evolution of the scale factor is similar to that displayed by the modified Chaplygin gas.Comment: 7 pages; to appear in EPJ

Hedonic Prices Indexes for New Passenger Cars in Portugal (1997- 2001)

This paper evaluates the effects of quality change on the price index for new passenger cars in Portugal for the years 1997-2001. Hedonic regression models are studied, giving particular emphasis to the relation between the form of the price index and the specification of the hedonic equation and estimation method used. It is argued that when log-linear hedonic functions are used the effects of quality change should be evaluated using a method akin to the Oaxaca decomposition (Oaxaca R., 1973, "Male-Female Wage Differentials in Urban Labor Markets", International Economic Review, 14, 693-709), rather than using the traditional dummy variables method. The results of the empirical part of the paper indicate that the CPI component corresponding to the sales of new passenger cars may have been overestimated by as much as 2.2 percentage points per year. This corresponds to an overestimation of the overall CPI by about 0.15 percentage points per year. As a by- product of this analysis it is also possible to conclude that the quality of new cars sold in Portugal increased on average 4.8 percent per year during this period.CPI bias; Heteroskedasticity; Oaxaca decomposition.

Identification issues in models for underreported counts

In this note we study the conditions under which leading models for underreported counts are identified. In particular, we highlight a peculiar identification problem that afflicts two of the most popular models in this class.

Quantiles for Counts

This paper studies the estimation of conditional quantiles of counts. Given the discreteness of the data, some smoothness has to be artificially imposed on the problem. The methods currently available to estimate quantiles of count data either assume that the counts result from the discretization of a continuous process, or are based on a smoothed objective function. However, these methods have several drawbacks. We show that it is possible to smooth the data in a way that allows inference to be performed using standard quantile regression techniques. The performance and implementation of the estimator are illustrated by simulations and an application.Asymmetric maximum likelihood, Jittering, Maximum score estimator, Quantile regression, Smoothing.

Currency Unions in Prospect and Retrospect

We critically review the recent literature on currency unions, and discuss the methodological challenges posed by the empirical assessment of their costs and benefits. In the process, we provide evidence on the economic effects of the euro. In particular, and in contrast with estimates of the trade effect of other currency unions, we find that the impact of the euro on trade has been close to zero. After reviewing the costs and benefits, we conclude with some open questions on normative and positive aspects of the theory of currency unions, emphasizing the need for a unified welfare-based framework to weigh their costs and gains.Currency union, Integration, Exchange Rage, Trade

Trading Partners and Trading Volumes: Implementing the Helpman-Melitz-Rubinstein Model Empirically

Helpman, Melitz, and Rubinstein (2008)-HMR-present a rich theoretical model to study the determinants of bilateral trade flows across countries. The model is then empirically implemented through a two-stage estimation procedure. This note seeks to clarify some econometric aspects of the estimation approach used by HMR and explore the consequences of possible departures from the maintained distributional assumptions.Gravity equation, Heteroskedasticity, Jensens inequality

On the Existence of the Maximum Likelihood Estimates for Poisson Regression

We note that the existence of the maximum likelihood estimates for Poisson regression depends on the data configuration. Because standard software does not check for this problem, the practitioner may be surprised to find that in some applications estimation of the Poisson regression is unusually difficult or even impossible. More seriously, the estimation algorithm may lead to spurious maximum likelihood estimates. We identify the signs of the non-existence of the maximum likelihood estimates and propose a simple empirical strategy to single out the regressors causing this type of identification failure.Poisson estimation, gravity equation

Luttinger liquid superlattices: realization of gapless insulating phases

We investigate Luttinger Liquid superlattices, a periodic structure composed of two kinds of one-dimensional systems of interacting electrons. We calculate several properties of the low-energy sector: the effective charge and spin velocities, the compressibility, various correlation functions, the Landauer conductance and the Drude weight. The low-energy properties are subsumed into effective parameters, much like homogeneous one-dimensional systems. A generic result is the weighted average nature of these parameters, in proportion to the spatial extent of the underlying subunits, pointing to the possibility of ``engineered'' structures. As a specific realization, we consider a one-dimensional Hubbard superlattice, which consists of a periodic arrangement of two long Hubbard chains with different coupling constants and different hopping amplitudes. This system exhibits a rich phase diagram with several phases, both metallic and insulating. We have found that gapless insulating phases are present over a wide range of parameters.Comment: 16 pages, 15 figures, RevTeX

On FRW Model in Conformal Teleparallel Gravity

In this paper we use the conformal teleparallel gravity to study an isotropic and homogeneous Universe which is settled by the FRW metric. We solve the field equations and we obtain the behavior of some cosmological parameters such as scale factor, deceleration parameter and the energy density of the perfect fluid which is the matter field of our model. The field equations, that we called modified Friedmann equations, allow us to define a dark fluid, with dark energy density and dark pressure, responsible for the acceleration in the Universe.Comment: Accepted in EPJ