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We explore the relation between two 'rationality conditions' for stochastic choicebehaviour: regularity and the weak axiom of stochastic revealed preference (WASRP). We show thatWASRP implies regularity, but the converse is not true. We identify a restriction on the domain ofthe stochastic...
Persistent link: https://www.econbiz.de/10005868805
This paper emphasizes the elements of good practice, which are important to the implementation of road user charging concerning the process of the implementation of travel plans.
Persistent link: https://www.econbiz.de/10005847836
This study analyzes whether economic conditions at the time of labor market entry affect entrepreneurship, using difference in business start-ups between cohorts of college students graduating in boom or bust economic conditions. Those graduating during an economic bust tend to delay their...
Persistent link: https://www.econbiz.de/10009360762
In the present paper we discuss the problem of estimating model likelihoods from the MCMC output for a general mixture and switching model. Estimation is based on the method of bridge sampling (Meng and Wong, 1996), where the MCMC sample is combined with an iid sample from an importance...
Persistent link: https://www.econbiz.de/10005844779
This paper analyses the impact of government grants on labour demand using plant leveldata for manufacturing industry in Ireland. Our data consists of a large sample of plants andtheir complete grant history...
Persistent link: https://www.econbiz.de/10005861409
Over the last decade house prices increased remarkably in many countries. However, whilein several countries there was an employment boom in the construction sector, in others theshare of employment in this sector did not significantly change...
Persistent link: https://www.econbiz.de/10005861524
With the beginnings of a worldwide burgeoning development of matched firm-employee data,it is worthwhile to examine the possibilities for using these data...
Persistent link: https://www.econbiz.de/10005863261
We develop a structural multi-factor labour demand model which distinguishes between eightlabour categories including non-standard types of employment such as marginalemployment. The model is estimated for both the number of workers and total working hoursusing a new panel data set...
Persistent link: https://www.econbiz.de/10005863263
Matching uncertain demand with capacities is notoriously hard. Operationsmanagers can use mix-flexible resources to shift excess demands to unused capacities.To find the optimal configuration of a mix-flexible production network, aflexibility design problem (FDP) is solved. Existing literature...
Persistent link: https://www.econbiz.de/10005868034
This note develops a method of recovering individual preferences, and of obtaining money-metricindividual welfare comparisons, from demand functions generated by Cournot-Nash equilibria ingames with public goods.
Persistent link: https://www.econbiz.de/10005869209