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Researchers using revealed preference data have mostly relied on the Mixed Logit (ML) framework to model unobserved heterogeneity. In this paper, we suggest an extension of this model where we integrate direct measures of taste and revealed preferences, under a unified econometric setting, to...
Persistent link: https://www.econbiz.de/10010843154
Using a sequential logit model and a mixed-effects logistic regression approach this empirical study investigates factors for the adoption of automatic milking technology (AMS) at the farm level accounting for problems of sequential sample selection and behaviour identification. The results...
Persistent link: https://www.econbiz.de/10011130830
Federal renewable energy R&D spending is intended, at least in part, to achieve path-breaking commercial breakthroughs in ethanol, hydrogen, solar and wind energy. Recently, the private sector has begun to respond to market opportunities generated by the spike in oil prices and governmental...
Persistent link: https://www.econbiz.de/10010676471
The basic concern of this paper is the effect of private sponsorship of university research on the allocation of … expenditures between public good research and commercial applications. Throughout the land-grant university system, there is much … concern that as a result of reduced government funding, fundamental research will be neglected at the expense of research that …
Persistent link: https://www.econbiz.de/10010676552
This paper begins with a distinction between an "active-learning" framework and a "passive-learning" approach when employed as an evaluation of R D strategies. A simple decision-tree formulation is employed to gain insights on the essential differences of these two approaches. Numerical...
Persistent link: https://www.econbiz.de/10010676564
Using a sequential logit model and a mixed-effects logistic regression approach this empirical study investigates factors for the adoption of automatic milking technology (AMS) at the farm level accounting for problems of sequential sample selection and behaviour identification. The results...
Persistent link: https://www.econbiz.de/10008583368
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