Search Results - subject:"Simulated maximum likelihood"

Fear of Floating and Fear of Pegging: An Empirical Analysis of De Facto Exchange Rate Regimes in Developing Countries

von Hagen, Jürgen; Zhou, Jizhong - C.E.P.R. Discussion Papers - 2006

This paper uses a panel probit model with simultaneous equations to explain the joint determination of de facto and de jure exchange rate regimes in developing countries since 1980. We also derive an ordered-choice panel probit model to explain the causes of discrepancies between the two regime...

Persistent link: https://www.econbiz.de/10005792391

Classification Error in Dynamic Discrete Choice Models: Implications for Female Labor Supply Behavior

Keane, Michael P.; Sauer, Robert M. - Institute for the Study of Labor (IZA) - 2006

Two key issues in the literature on female labor supply are: (1) if persistence in employment status is due to unobserved heterogeneity or state dependence, and (2) if fertility is exogenous to labor supply. Until recently, the consensus was that unobserved heterogeneity is very important, and...

Persistent link: https://www.econbiz.de/10005822328

Computational issues in the sequential probit model: A Monte Carlo study

Waelbroeck, Patrick - Solvay Brussels School of Economics and Management, … - 2005

estimate parameters of the model by the method of simulated maximum likelihood (SML) and by Bayesian MCMC algorithms. We … Maximum Likelihood approach and the Bayesian MCMC algorithm to check the compatibility of the results. © Springer Science … estimation procedures, we advise the applied researcher to use both the stochastic optimization algorithm in the Simulated …

Persistent link: https://www.econbiz.de/10011011563

Improving the Modeling of Couples' Labour Supply

Breunig, Robert; Cobb-Clark, Deborah A.; Gong, Xiaodong - Institute for the Study of Labor (IZA) - 2005

We study the work hours of Australian couples, using a neoclassical labour-supply model in which couples choose from a small, realistic set of possible wife-husband working hour combinations We introduce three improvements to this standard model. First, we allow partners' preferences about...

Persistent link: https://www.econbiz.de/10005763781

Computational Issues in the Sequential Probit Model: A Monte Carlo Study

Waelbroeck, Patrick - In: Computational Economics 26 (2005) 2, pp. 141-161

estimate parameters of the model by the method of simulated maximum likelihood (SML) and by Bayesian MCMC algorithms. We … Maximum Likelihood approach and the Bayesian MCMC algorithm to check the compatibility of the results. Copyright Springer … estimation procedures, we advise the applied researcher to use both the stochastic optimization algorithm in the Simulated …

Persistent link: https://www.econbiz.de/10005809002

Does Job-Search Assistance Affect Search Effort and Outcomes? A Microeconometric Analysis of Public versus Private Search Methods

Fougère, Denis; Pradel, Jacqueline; Roger, Muriel - Institute for the Study of Labor (IZA) - 2005

In this paper, we examine the disincentive effects of the public employment service on the search effort of unemployed workers and on their exit rate from unemployment. For that purpose, we specify a structural search model with fixed and variable costs of search in which unemployed workers...

Persistent link: https://www.econbiz.de/10005703702

Análisis del nuevo acuerdo de capitales de Basilea (BIS-II): PYME-risk, country-risk y operational-risk

González, Mariano - POLITÉCNICO GRANCOLOMBIANO - 2004

trabajo analiza el Nuevo Acuerdo de Capitales del Banco Internacional de Pagos de Basilea, conocido como BIS-II, en lo relativo al riesgo de crédito con Pymes, riesgo país y riesgo operacional. Estudia los conceptos, clasificaciones y métodos de estimación propuesto por la norma, así como...

Persistent link: https://www.econbiz.de/10005597214

Identifying Innovators for the Cross-Selling of New Products

Kamakura, Wagner A.; Kossar, Bruce S.; Wedel, Michel - In: Management Science 50 (2004) 8, pp. 1120-1133

With recent advances in information technology, most companies are amassing extensive customer databases. The wealth of information in these databases can be useful in identifying those customers most likely to purchase a new product and in predicting when this adoption may take place. This can...

Persistent link: https://www.econbiz.de/10009218284

Job Search with Nonparticipation

Frijters, Paul; Klaau, Bas van der - School of Economics and Finance, Business School - 2003

distribution. We estimate the structural model with individual data from the German Socio-Economic Panel and use simulated maximum … likelihood. The results show that the presence of signicant negative duration dependence in the wage offer distribution causes …

Persistent link: https://www.econbiz.de/10005416537

Modeling Response Bias in Count: A Structural Approach With an Application to the National Crime Victimization Survey Data

Li, Tong; Trivedi, Pravin K.; Guo, Jiequn - In: Sociological Methods & Research 31 (2003) 4, pp. 514-544

€œstopped-sumâ€ model. A simulated maximum likelihood estimator is proposed, and its finite sample performance is investigated through Monte …

Persistent link: https://www.econbiz.de/10010789569