This paper studies whether conformism behavior affects individual outcomes in crime. We present a social network model of peer effects with ex-ante heterogeneous agents and show how conformism and deterrence affect criminal activities. We then bring the model to the data by using a very detailed...

The value of accurate weather forecast information is substantial. In this paper we examine competition among forecast providers and its implications for the quality of forecasts. A simple economic model shows that an economic bias geographical inequality in forecast accuracy arises due to the...

Abstract This article considers autoregressive (SAR) models. We method to estimate the parameters of likelihood (ML) method. Our Bayesian by the Monte Carlo studies. We found the efficient as the ML estimators.

Estimation of a cross-sectional spatial model containing both a spatial lag of the dependent variable and spatially autoregressive disturbances are considered. [Kelejian and Prucha (1998)]described a generalized two-stage least squares procedure for estimating such a spatial model. Their...