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Two essays in microeconomic theory and econometrics

The thesis contains two chapters which address questions important both for
the economic theory and applications.
In Chapter I we show that inequalities are an important tool in the theory of
production functions. Various notions of internal economies of scale can be
equivalently expressed in terms of upper or lower bounds on production functions. In
the problem of aggregation of efficiently allocated goods, if one is concerned with
two-sided bounds as opposed to exact expressions, the aggregate production function
can be derived from some general assumptions about production units subject to
aggregation. The approach used does not require smoothness or convexity properties.
In Chapter II we introduce a new forecasting techniques essential parts of
which include using average high-order polynomial estimators for in-sample fit and
low-order polynomial extension for out-of-sample fit. We provide some statements
following the Gauss-Markov theorem format. The empirical part shows that algebraic
polynomials treated in a proper way can perform very well in one-step-ahead
prediction, especially in prediction of the direction of exchange rate movements. / Graduation date: 1995

Identiferoai:union.ndltd.org:ORGSU/oai:ir.library.oregonstate.edu:1957/35191
Date02 May 1995
CreatorsMynbaev, Kairat T.
ContributorsBaek, Dae Hyun
Source SetsOregon State University
Languageen_US
Detected LanguageEnglish
TypeThesis/Dissertation

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