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type="main" <p>In this paper we consider how choices in the econometric approach to impute prices affect the Törnqvist and Jevons hedonic imputed indexes. We compare the rolling window approach to estimation by smoothing methods. The main difference between the rolling window and the smoothing...</p>
Persistent link: https://www.econbiz.de/10011085672
In this paper we consider how choices in the econometric approach to impute prices affect the Törnqvist and Jevons hedonic imputed indexes. We compare the rolling window approach to estimation by smoothing methods. The main difference between the rolling window and the smoothing methods is in...
Persistent link: https://www.econbiz.de/10011147984
For flood-prone urban areas, the prospect of increasing population densities and more frequent extreme weather associated with climate change is alarming. Proactive adaptation can reduce potential flood risks in theory. However, there is limited empirical economics exploring this issue, without...
Persistent link: https://www.econbiz.de/10010678586
This study proposes a modeling approach to disentangle the discount due to flooding in residential properties that are located in coastal areas. The study makes three contributions. The first is to incorporate a continuous measure of flood risk in a study of coastal areas, as earlier studies...
Persistent link: https://www.econbiz.de/10011255386
For urban areas already exposed to flooding risk, the prospect of increased population densities and of more frequent extreme weather associated with climate change is alarming. Proactive adaptation, including changes to planning schemes, can reduce the risks faced in such urban areas. However...
Persistent link: https://www.econbiz.de/10010827858
A major cause of deforestation in Lao PDR is associated with commercial timber harvesting. While there exists a legal timber industry, timber harvesting in Laos is often illegal. Little information is available regarding the illegal Lao timber industry. However, it would appear that both illegal...
Persistent link: https://www.econbiz.de/10009447993
Laos is an income-poor but resource-rich country heavily dependent upon its natural forest resources. This paper uses an optimal control model to analyse deforestation in Laos. Specifically, this paper analyses illegal logging by a sole commercial logging contractor within a single region in...
Persistent link: https://www.econbiz.de/10009448024
The PDR of Laos has thus far retained a large proportion of its natural forests relative to other SE Asian countries. This disproportionally high level of forestation, along with current political and economic factors, may create an increase in the demand for Laotion timber. In particular, if...
Persistent link: https://www.econbiz.de/10010913210
In this paper we introduce a state-space approach to the econometric modelling of cross-sectional specific trends (temporal variation in individual heterogeneity) and time varying slopes in the context of panel data regressions. We show that our state-space panel stochastic frontier model nests...
Persistent link: https://www.econbiz.de/10010827865
Persistent link: https://www.econbiz.de/10010914393