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- Eric J. Friedman, NJ, Paul Resnick, Hiroki Tsurumi
- 1998

We consider the problems of societal norms for cooperation and reputation when it is possible to obtain “cheap pseudonyms”, something which is becoming quite common in a wide variety of interactions on the Internet. This introduces opportunities to misbehave without paying reputational consequences. A large degree of cooperation can still emerge, through a… (More)

- Oleg Korenok, Roberto Chang, +8 authors Christian Zimmermann
- 2005

Mankiw and Reis (2002) have revived imperfect information explanations for the short run real effects of monetary policy. This paper contrasts their sticky information model with the standard sticky price model. First, I utilize a theoretical relation between aggregate prices and unit labor cost that allows me to leave unspecified household preferences,… (More)

- Hyun Hak Kim, Norman R. Swanson, +6 authors Hiroki Tsurumi
- 2013

A number of recent studies have focused on the usefulness of factor models in the context of prediction using big data (see e.g., Bai and Ng (2008), Dufour and Stevanovic (2010), Forni et al. (2000, 2005), Kim and Swanson (2014), Stock and Watson (2002b, 2006, 2012), and the references cited therein). We add to this literature by analyzing the predictive… (More)

A Bayesian semi-parametric estimation of the binary response model using Markov Chain Monte Carlo algorithms is proposed. The performances of the parametric and semi-parametric models are presented. The mean squared errors, receiver operating characteristic curve, and the marginal effect are used as the model selection criteria. Simulated data and Monte… (More)

- Myeong-Su Yun, Hiroki Tsurumi, Roger Klein, Charles R. Romeo, Frank Vella, John P. Haisken
- 2003

We introduce a structural model which jointly estimates the full-time wage premium and female labor supply, using the piecewise-linear budget constraint method. Our model incorporates a discontinuous budget line at cut-off hours (35 hours a week), caused by the coexistence of both fulland part-time wage rates, and makes wages fully endogenous to the labor… (More)

- Hyun Hak Kim, Norman R. Swanson, +7 authors Hiroki Tsurumi
- 2016

A number of recent studies in the economics literature have focused on the usefulness of factor models in the context of prediction using big data (see Bai and Ng (2008), Dufour and Stevanovic (2010), Forni et al. (2000, 2005), Kim and Swanson (2014a), Stock and Watson (2002b, 2006, 2012), and the references cited therein). We add to this literature by… (More)

- Elena Goldman, Elmira Valiyeva, Hiroki Tsurumi
- Communications in Statistics - Simulation and…
- 2008

- Nuttanan Wichitaksorn, Hiroki Tsurumi
- Computational Statistics & Data Analysis
- 2013

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