This paper develops a general model that addresses the starting point bias in the dichotomous choice evaluation data by incorporating both the anchoring effect and yea-saying bias. The model is applied to a contingent valuation study that evaluated the health benefits of air quality improvement...

This paper proposes two innovative algorithms to estimate a general class of N-state Markov-switching autoregressive moving-average (MS-ARMA) models with a sample of size T. To resolve the problem of NT possible routes induced by the presence of MA parameters, the first algorithm is built on...

In contrast to the results in Mayer and Riphahn (2000) where no distinction is made between the causes of economic as well as political immigrants, this paper shows that compared to native Taiwanese, the parental refugee experience results in a lower completed fertility of the children’s...

This paper extends the MD (multiple differenced) methodology of Tsay (2006) to estimate a class of time-series-cross-section (TSCS) models consisting of stationary or nonstationary long memory regressors and errors, while allowing for correlations and heteroskedasticities in both cross-section...

In this paper we demonstrate that the measures of scale and scope economies may be elusive if failing to consider quality variation among universities and endogeneity of congestion in students learning and living facility utilization. Empirical results show that the private and highly congested...

This paper considers the maximum likelihood estimation of a stochastic frontier production function with an interval outcome. We derive an analytical formula for calculating the likelihood function of the interval stochastic frontier models. Monte Carlo experiments reveal that the finite sample...

Labor supply in Europe was declined by about 30% relative to the US over the past 3 decades. The decline comes from hours per worker and employment. This paper studies a matching model and the effects of labor taxes and unemployment benefits. Labor taxes decrease hours and employment, with...

Labor taxes and unemployment compensation were blamed for causing relative declines in labor supply in the EU to the US in the past decades. We propose a model with an endogenous labor force and compare with the model with an exogenous labor force. Because of discouraging the labor force, labor...

This paper examines the distribution structural functions (DSFs) and quantile structural functions (QSFs) in a semiparametric treatment effect model. The DSF and QSF are defined as the distribution function and quantile function of the counterfactural outcome when covariates are exogenously...

This paper considers methods for comparing poverty in two income distributions. We …first discuss the concept and usefulness of the Poverty Gap Pro…le (PGP) for comparing poverty in two populations. Dominance of one PGP over another suggests poverty dom- inance for a wide class of indices...