Search Results - subject:"Structural Models"

On the Relevance and Composition of Gifts within the Firm: Evidence from Field Experiments

Bellemare, Charles; Shearer, Bruce - Centre Interuniversitaire sur le Risque, les Politiques … - 2009

We investigate the economic relevance and the composition of gifts within a firm where output is contractible. We develop a structural econometric model that identifies workers’ optimal reaction to monetary gifts received from their employer. We estimate the model using data from two separate...

Persistent link: https://www.econbiz.de/10008528566

The school reentry decision on poor girls: structural estimation and policy analysis using PROGRESA database

Valdés, María Nieves - Departamento de Economía, Universidad Carlos III de Madrid - 2009

In this paper I present a dynamic structural model of girls' schooling choices and estimate it using the Mexican PROGRESA database. This structural approach allows evaluating the efectiveness of several policies to increase school reentry rates for girls in low-income households. To increase...

Persistent link: https://www.econbiz.de/10008562391

A Method for Implementing Counterfactual Experiments in Models with Multiple Equilibria

Aguirregabiria, Victor - University of Toronto, Department of Economics - 2009

This paper proposes a method for implementing counterfactual experiments in estimated models that have multiple equilibria. The method assumes that the researcher does not know the equilibrium election mechanism and wants to impose minimum restrictions on it. Our key assumption is that the...

Persistent link: https://www.econbiz.de/10008578149

Labor contracts and flexibility : evidence from a labor market reform in Spain

Aguirregabiria, Victor; Alonso-Borrego, Cesar - Departamento de Economía, Universidad Carlos III de Madrid - 2009

This paper evaluates the effects of a labor market reform in Spain that removed restrictions on fixed-term or temporary contracts. Our empirical results are based on longitudinal firm-level data that covers observations before and after the reform. We posit and estimate a dynamic labor demand...

Persistent link: https://www.econbiz.de/10005111038

The Merton Approach to Estimating Loss Given Default: Application to the Czech Republic

Seidler, Jakub; Jakubik, Petr - Česká Národní Banka - 2009

This paper focuses on a key credit risk parameter â€“ Loss Given Default (LGD). We illustrate how the LGD can be estimated with the help of an adjusted Mertonian structural approach. We present a derivation of the formula for expected LGD and show its sensitivity analysis with respect to...

Persistent link: https://www.econbiz.de/10008462909

Understanding the term structure of credit default swap spreads

Han, Bing; Zhou, Yi - In: Journal of Empirical Finance 31 (2015) C, pp. 18-35

firms. Consistent with the predictions of structural models of credit risk, we find that the slope of CDS spread term … models. Our results suggest that while structural models are qualitatively useful for understanding the shape of credit term … after controlling for the contemporaneous variables that determine changes in the CDS spreads according to the structural …

Persistent link: https://www.econbiz.de/10011263474

Who should handle retail? Vertical contracts, customer service, and social welfare in a Chinese mobile phone market

Li, Jia; Moul, Charles C. - In: International Journal of Industrial Organization 39 (2015) C, pp. 29-43

Using data on mobile phone handset sales from a single retail store, we examine the impact of different retail responsibility designations and vertical contracts on seller service provision, firm profitability, and social welfare. During our sample, this store switched from retailer-managed...

Persistent link: https://www.econbiz.de/10011264246

Appropriate Macroeconomic Model Support for the Ministry of Finance and the National Institute of Economic Research: A Pilot Study

Hjelm, Göran; Bornevall, Helena; Fromlet, Pia; … - Konjunkturinstitutet, Government of Sweden - 2015

have chosen so-called DSGE-models. Ministry of finances have chosen to continue using so-called Semi-Structural Models (SSM …

Persistent link: https://www.econbiz.de/10011191537

Inference in a structural heteroskedastic calibration model

Castro, Mário; Galea, Manuel - In: Statistical Papers 56 (2015) 2, pp. 479-494

The main goal of this paper is to study inference in an heteroskedastic calibration model. We embrace a multivariate structural model with known diagonal covariance error matrices, which is a common setup when different measurement methods are compared. Maximum likelihood estimates are computed...

Persistent link: https://www.econbiz.de/10011241318

Learning from experience, simply

Lin, Song; Zhang, Juanjuan; Hauser, John R. - In: Marketing science 34 (2015) 1, pp. 1-19

Persistent link: https://www.econbiz.de/10010497620