This paper makes three principal contributions. First, we propose a new estimator for the unobservable variable models with endogenous causes. We show that under factor analysis type of assumptions, Robinson and Ferrara (1977)'’s procedure is not fully efficient, and a more efficient procedure...

This paper contributes to the growing debate on regional economic inequality and polarization in India. The specific objectives of this paper are to: (1) analyze regional development disparities amongst various states in India to determine if they are on a convergent course; (2) analyze the...

Social Network Capital and Academic Careers: The Case of a College of AgricultureABSTRACT The relationship between economic performance and various forms of capital anchors a significant portion of mainstream economic theory and applied economics. Human, physical and financial capital represent...

Contingent wildfire insurance and fuel management cost-sharing programs are becoming more prevalent in western states. This paper develops a model to examine the incentive effects of these two mechanisms for private investment in wildfire risk mitigation. The model shows that contingent...

This study applies an information theoretic econometric approach in the form of a new maximum likelihood-minimum power divergence (ML-MPD) semi-parametric binary response estimator to analyze dichotomous contingent valuation data. The ML-MPD method estimates the underlying behavioral decision...