This paper studies semiparametric identification of substitution patterns between two goods using a panel multinomial choice model with bundles. My model allows the two goods to be either substitutes or complements and admits heterogeneous complementarity through observed characteristics. I...

In this manuscript TSR-MPCHB is proposed for secure data transmission using remotesensing data. At first, Theil-Sen Regression is used to analyze data collectedon basis of geometric neutrality. This process reduces processing time ofsecure data transfer. MPCHB is used for secure data transfer....

Linear threshold models are popularly estimated by the least-squares (LS) method, but the resultedthreshold parameter estimator has a non-standard limiting distribution which makes statistical inference less straightforward. Seo and Linton (2007) introduce a smoothed least-squares (SLS)...

When the number of variables is larger than the number of structural shocks driving the economy, the associated structural VAR system is said to be singular. We propose an identification method for singular structural VAR models contaminated by noise that combines a collapsing procedure with the...

The groundwater is among the most priceless resources. The continual depletion of water is among the major factors impacting the development of the economy and society. The utilization of the water will depend on how easily it can be reached. The problem of water scarcity is a result of...

The paper reconsiders the Hodrick-Prescott filter and the issue of a suitable choice of its smoothing parameter λ for quarterly data. To this end stochastic processes generate artificial data with a known growth trend and cyclical component, and a battery of Monte Carlo experiments tests what...

Endogeneity and correlated alternatives are major concerns to be addressed in travel behavior analysis. However, these issues have been rarely dealt with simultaneously in advanced discrete choice models. This study proposed a multinomial probit model that incorporates the instrumental variable...

In this paper, a closed-form analytical solution of option price under the Bi-Heston model is derived. Through empirical analysis, the advantages and disadvantages of the parametric pricing model are compared and analysed with those of the non-parametric model. The analysis shows that: (1) the...

This paper explores weak identification issues arising in commonly used models of economic and financial time series. Two highly popular configurations are shown to be asymptotically observationally equivalent: one with long memory and weak autoregressive dynamics, the other with antipersistent...

This paper estimates the presence of a phenomenon called the Deaton Paradox in Europe. Using the panel data for 24 European countries running from 2000 to 2021 we aim to estimate whether the anomaly of consumption smoothing is present in Europe. In order to do so, we use the generalised method...