Search Results - subject:"random utility models."

Random utility models of demand for the U.S. commercial banking industry

Orosco, César - In: Revista de Analisis Economico – Economic Analysis Review 22 (2007) 2, pp. 47-74

In this paper, we specify a Random Utility Model of Demand for Deposits inthe U.S. Banking Industry, assessing its particular characteristics, such as alarge number of participants, a large number of markets and an unbalancedpanel (many banks participate in only one market and no bank...

Persistent link: https://www.econbiz.de/10005698260

SEMIPARAMETRIC ESTIMATION OF A BINARYRESPONSE MODEL WITH A CHANGE-POINTDUE TO A COVARIATE THRESHOLD

Lee, Sokbae; Seo, Myunghwan - Suntory and Toyota International Centres for Economics … - 2007

model, maximum score estimation, semiparametric estimation, threshold regression, nonlinear random utility models. JEL … Guallar, 1998; Pastor-Barriuso et al., 2003). In economics, �nance, and management, random utility models that are nonlinear … conditional heteroskedasticity is particularly important in random utility models as shown in Brown and Walker (1989). Manski …

Persistent link: https://www.econbiz.de/10005151147

Transition choice probabilities and welfare analysis in random utility models

Palma, André de; Kilani, Karim - Théorie Économique, Modélisation, Application … - 2007

additive random utility models, we derive expressions for the transition choice probabilities for a change in the systematic …

Persistent link: https://www.econbiz.de/10005328304

Tests of independence in separable econometric models: theory and application

Brown, Donald J.; Deb, Rahul; Wegkamp, Marten H. - 2006

A common stochastic restriction in econometric models separable in the latent variables is the assumption of stochastic independence between the unobserved and observed exogenous variables. Both simple and composite tests of this assumption are derived from properties of independence empirical...

Persistent link: https://www.econbiz.de/10010264870

A Framework for Analyzing Rank Ordered Panel Data with Application to Automobile Demand

Dagsvik, John K.; Liu, Gang - 2006

In this paper we develop a framework for analyzing panel data with observations on rank ordered alternatives that allows for correlated random taste shifters across time and across alternatives. As a special case we obtain a nested logit model type for rank ordered alternatives. We have applied...

Persistent link: https://www.econbiz.de/10011968250

Labor Supply as a Choice among Latent Job Opportunities. A Practical Empirical Approach

Dagsvik, John K.; Jia, Zhiyang - 2006

In this paper, we discuss aspects of a particular framework for modeling labor supply and the application of this approach in practical policy simulation experiments. This modeling framework differs from the standard models of labor supply in that the notion of job choice is fundamental....

Persistent link: https://www.econbiz.de/10011968251

Justifying functional forms in models for transitions between discrete states, with particular reference to employment-unemployment dynamics

Dagsvik, John K. - 2006

This paper proposes a particular axiomatic approach to motivate the choice of functional forms and distribution of unobservables in continuous time models for discrete panel data analysis. We discuss in particular applications with data on transitions between employment and unemployment. This...

Persistent link: https://www.econbiz.de/10010284273

Labor Supply as a Choice among Latent Job Opportunities. A Practical Empirical Approach

Dagsvik, John K.; Jia, Zhiyang - Statistisk Sentralbyrå, Government of Norway - 2006

Persistent link: https://www.econbiz.de/10004980664

A Framework for Analyzing Rank Ordered Panel Data with Application to Automobile Demand

Dagsvik, John K.; Liu, Gang - Statistisk Sentralbyrå, Government of Norway - 2006

Persistent link: https://www.econbiz.de/10004980866

Justifying Functional Forms in Models for Transitions between Discrete States, with Particular Reference to Employment-Unemployment Dynamics

Dagsvik, John K. - Økonomisk institutt, Universitetet i Oslo - 2006

Persistent link: https://www.econbiz.de/10005652167