Similar Search Results

Model Selection and Simplification Using Lattices

Antoch, Jaromir; Hanousek, Jan - EconWPA - 2001

This paper shows how to cope with a problem of model selection and simplification using the principle of coherence (Gabriel (1969): A procedure involving testing a set of models ought not accept a model while rejecting a more general model). The mathematical lattice theory is used to define a...

Persistent link: https://www.econbiz.de/10005407880

Semiparametric Estimation of Willingness to Pay Distributions

An, Mark Yuying - EconWPA - 1996

Persistent link: https://www.econbiz.de/10005407977

SPECIFICATION OF A MODEL TO MEASURE THE VALUE OF TRAVEL TIME SAVINGS FROM BINOMIAL DATA

Fosgerau, Mogens - EconWPA - 2005

for all four modes in this experimental choice situation. The sign for journey duration varies significantly between modes …

Persistent link: https://www.econbiz.de/10005556185

Unit income elasticity of the value of travel time savings

Fosgerau, Mogens - EconWPA - 2005

The paper presents an analysis of the income elasticity of the value of travel time savings (VTTS). It expands on previous micro-econometric estimates of the VTTS on binary choice experimental data by accounting for income taxes, for the dependence of trip length on income and for the stochastic...

Persistent link: https://www.econbiz.de/10005556242

Investigating the distribution of the value of travel time savings

Fosgerau, Mogens - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005118996

Investigating the distribution of the value of travel time savings

Fosgerau, Mogens - EconWPA - 2004

The distribution of the value of travel time savings (VTTS) is investigated employing various nonparametric techniques on a large, high quality data set. When background variables are not included in the model it is found that the right 13% tail of the distribution is not observed and hence the...

Persistent link: https://www.econbiz.de/10005119038

Parametric and semiparametric specification tests for binary choice models: a comparative simulation study

Proenca, Isabel; Silva, Joao Santos - EconWPA - 2005

Although semiparametric alternatives are available, parametric binary choice models are widely used in practice, in spite of their sensitivity to misspecification. Here we present the results of a simulation study on the finite sample performance of parametric and semiparametric specification...

Persistent link: https://www.econbiz.de/10005119081

Misspecified heteroskedasticity in the panel probit model: A small sample comparison of GMM and SML estimators

Inkmann, Joachim - EconWPA - 1999

estimation of the panel probit model. Both techniques circumvent multiple integration of joint density functions without the need … paid to a three-stage GMM estimator based on nonparametric estimation of the optimal instruments for given conditional …

Persistent link: https://www.econbiz.de/10005134910

Instrumental Variable Estimation for Duration Data: A Reappraisal of the Illinois Reemployment Bonus Experiment

Bijwaard, G.E. - EconWPA - 2002

develop an estimatiom procedure that collapses to the linear Rank Estimation procedure for GAFT models with only exogenous … variables This is accomplished by using a model that transforms the duration such that for the population parameters, this … transformed duration is independent of the instrument. The estimator is used to re-analyse data from the Illinois reemploymnet …

Persistent link: https://www.econbiz.de/10005062568

Does Temporary Agency Work Provide a Stepping Stone to Regular Employment?

Kvasnicka, Michael - EconWPA - 2005

Based on administrative data from the federal employment office in Germany, we apply matching techniques to estimate the stepping-stone function of temporary agency work for the unemployed, i.e. its short-run and long-run effects on their future employment prospects. Our results show that...

Persistent link: https://www.econbiz.de/10005125736