In all areas of human knowledge, datasets are increasing in both size and complexity, creating the need for richer statistical models. This trend is also true for economic data, where high-dimensional and nonlinear/noparametric inference is the norm in several fields of applied econometric work....

Bei der Unterhauswahl in Japan am 16. Dezember 2012 hat die Liberaldemokratische Partei (LDP) unter Shinzo Abe haushoch gesiegt. Die Regierung der Demokratischen Partei Japans (DPJ) mit Ministerpräsident Yoshihiko Noda steht damit vor dem Aus. Nun gelangt wieder jene Partei an die Macht, die...

In all areas of human knowledge, datasets are increasing in both size and complexity, creating the need for richer statistical models. This trend is also true for economic data, where high-dimensional and nonlinear/nonparametric inference is the norm in several fields of applied econometric...

We propose a tractable semiparametric estimation method for dynamic discrete choice models. The distribution of additive utility shocks is modeled by location-scale mixtures of extreme value distributions with varying numbers of mixture components. Our approach exploits the analytical...