Search Results - subject:"Monte‐Carlo simulation"

A Finite Sample Correction for the Variance of Linear Efficient Two-Step GMM Estimators

Windmeijer, Frank - 2005

Monte Carlo studies have shown that estimated asymptotic standard errors of the efficient two-step generalised method of moments (GMM) estimator can be severely downward biased in small samples. The weight matrix used in the calculation of the efficient two-step GMM estimator is based on initial...

Persistent link: https://www.econbiz.de/10014064499

Vergleich von Schätz- und Testverfahren unter alternativen Spezifikationen linearer Panelmodelle

Wolf, Katja - 2005 - 1. Aufl.

Empirische Analysen mit Paneldaten sind aus der wirtschafts- und sozialwissenschaftlichen Forschung seit Beginn der 80er Jahren nicht mehr wegzudenken. Die Beliebtheit resultiert unter anderem aus der Möglichkeit, mithilfe von Paneldaten unbeobachtete Unterschiede zwischen den...

Persistent link: https://www.econbiz.de/10002913594

Implications of within county yield heterogeneity for modeling crop insurance premiums

Cooper, Joseph; Zulauf, Carl; Langemeier, Michael; … - In: Agricultural Finance Review 72 (2012) 1, pp. 134-155

Purpose – Farm level data are essential to accurate setting of crop insurance premium rates, but their time series tends to be too short to allow them to be the sole data source. County level data are available in longer time series, however. The purpose of this paper is to present a...

Persistent link: https://www.econbiz.de/10014667140

Risk and uncertainty in development : A critical evaluation of using the Monte Carlo simulation method as a decision tool in real estate development projects

Loizou, Pavlos; French, Nick - In: Journal of Property Investment & Finance 30 (2012) 2, pp. 198-210

Purpose – The purpose of this paper is to deal with the appropriateness of using the Monte Carlo simulation as a … segments. The first segment examines the general definition of risk and Monte Carlo simulation methodology as a tool to … important that the Monte Carlo Simulation model is used as prescriptive model that builds on the original elicitation procedures …

Persistent link: https://www.econbiz.de/10014898334

Scenario planning for service quality: a Monte Carlo simulation study

Prakash, Anand; Jha, Sanjay Kumar; Prasad Mohanty, Rajendra - In: Journal of Strategy and Management 5 (2012) 3, pp. 331-352

Purpose – The purpose of this paper is to propose the idea of linking the use of the Monte Carlo simulation with … approach using Monte Carlo simulation for making scenario planning. Findings – The paper highlights which particular service … convenience sampling and anonymous survey‐based research. Practical implications – The approach using Monte Carlo simulation …

Persistent link: https://www.econbiz.de/10014906686

Forecasting long-term demand of largest Finnish sea ports

Lättilä, Lauri; Hilmola, Olli-Pekka - In: International Journal of Applied Management Science 4 (2012) 1, pp. 52-79

development of Finnish sea ports. We use regression and ARIMA models in conjunction with a system dynamic Monte Carlo simulation …

Persistent link: https://www.econbiz.de/10011130153

Estimating Long Memory Causality Relationships by a Wavelet Method

Li, Yushu - Nationalekonomiska Institutionen, Ekonomihögskolan - 2012

model in the wavelet domain. The theoretical background is derived and Monte Carlo simulation is used to investigate the …

Persistent link: https://www.econbiz.de/10010734771

Portfolio assessments for future generation investment in newly industrializing countries – A case study of Thailand

Vithayasrichareon, Peerapat; MacGill, Iain F. - In: Energy 44 (2012) 1, pp. 1044-1058

This paper assesses future electricity generation portfolios in Thailand in 2030 given uncertain future fossil-fuel prices, carbon pricing policies, electricity demand, and capital costs. Thailand faces challenges for generation investment given its rapid socio-economic progress and fast growing...

Persistent link: https://www.econbiz.de/10010808863

Residential demand response behavior analysis based on Monte Carlo simulation: The case of Yinchuan in China

He, Yongxiu; Wang, Bing; Wang, Jianhui; Xiong, Wei; … - In: Energy 47 (2012) 1, pp. 230-236

approach uses the survey data collected in 2011 from 236 residents in Yinchuan to implement a Monte Carlo simulation to obtain …

Persistent link: https://www.econbiz.de/10010811393

Hybrid fuzzy Monte Carlo technique for reliability assessment in transmission power systems

Canizes, Bruno; Soares, João; Vale, Zita; Khodr, H.M. - In: Energy 45 (2012) 1, pp. 1007-1017

Monte Carlo Simulation to catch both randomness and fuzziness of component outage parameters of transmission power system. …

Persistent link: https://www.econbiz.de/10010811932