This paper considers the problem of identifi…cation and estimation in panel-data sample-selection models with a binary selection rule when the latent equations contain possibly predetermined variables, lags of the dependent variables, and unobserved individual effects. The selection equation...

We develop a structural microeconomic model of urban travel demand. This model incorporates aversion to congestion by individuals and determines the degree of congestion endogenously. Each individual?s optimal travel decision depends on the travel decisions of others, such that in Nash...

Abstract. This paper considers the problem of identification and estimation in panel data sample selection models with a binary selection rule when the latent equations contain possible predetermined variables, lags of the dependent variables, and unobserved individual effects. The selection...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>We use a principal–agent framework to evaluate the economic impacts of imposing a tax on insurance payment in presence of moral hazard using a Gamma conditional distribution of losses. Our results show that any tax paid by the insured would lower his effort...</p>

This paper presents the results of an analysis on Life Lacket (LJ) effectiveness in U.S. recreational boating between 2008 and 2011. We use the US Coast Guard's Boating Accident Report Database (BARD) to fit a Poisson regression of number of fatalities on many different factors interacting at...

We design and estimate a game theoretic congestion pricing mechanism in which the regulator aims at reducing urban traffic congestion by price discriminating travelers according to their value of time (VOT). Travelers' preferences depend on their observable characteristics, on the endogenous...

In this paper, we use a Principal-Agent model (à la Holmström) to evaluate the economic impacts at imposing a tax on insurance payment resulting from an optimal contract in presence of moral hazard. We show that, in most cases, the tax generates a disincentive for the risk averse insured to...

We relax the assumption of constancy of the marginal utility of income into a structural model of urban transportation with endogenous congestion. We examine the impact of unobserved heterogeneity in Marginal Utility (MU) of income on the determinants of travel by estimating the model using...