Showing 1 - 10 of 28
A simple graphical approach to presenting results from nonlinear regression models is described. In the face of multiple covariates, 'partial mean' plots may be unattractive. The approach here is portable to a variety of settings and can be tailored to the specific application at hand. A simple...
Persistent link: https://www.econbiz.de/10010287583
Data envelopment analysis (DEA) and stochastic frontier analysis (SFA), as well as combinations thereof, are widely applied in incentive regulation practice, where the assessment of efficiency plays a major role in regulation design and benchmarking. Using a Monte Carlo simulation experiment,...
Persistent link: https://www.econbiz.de/10011911995
Stochastic frontier analysis is a popular tool to assess firm performance. Almost universally it has been applied using maximum likelihood estimation. An alternative approach, pseudolikelihood estimation, decouples estimation of the error component structure and the production frontier, has been...
Persistent link: https://www.econbiz.de/10011649433
Monte Carlo (MC) simulations are one of the dominant approaches to compare statistical methods. To date, there is no standard procedure for MC simulations. Although internally valid, they exhibit a certain degree of arbitrariness through the various choices that researchers make. In this paper,...
Persistent link: https://www.econbiz.de/10014293722
Economic conditions such as convexity, homogeneity, homotheticity, and monotonicity are all important assumptions or consequences of assumptions of economic functionals to be estimated. Recent research has seen a renewed interest in imposing constraints in nonparametric regression. We survey the...
Persistent link: https://www.econbiz.de/10010269107
This paper proposes plug-in bandwidth selection for kernel density estimation with discrete data via minimization of mean summed square error. Simulation results show that the plug-in bandwidths perform well, relative to cross-validated bandwidths, in non-uniform designs. We further find that...
Persistent link: https://www.econbiz.de/10011755277
While classical measurement error in the dependent variable in a linear regression framework results only in a loss of precision, non-classical measurement error can lead to estimates which are biased and inference which lacks power. Here, we consider a particular type of non-classical...
Persistent link: https://www.econbiz.de/10012141213
Model uncertainty remains a persistent concern when exploring the drivers of civil conflict and civil war. Considering a comprehensive set of 34 potential determinants in 175 post-Cold-War countries (covering 98.2% of the world population), we employ stochastic search variable selection (SSVS)...
Persistent link: https://www.econbiz.de/10012270189
Populous communities often prefer more government involvement than less populous communities, but does community size per se affect citizens' preferences for government? Endogeneity commonly prevents testing for causal effects because (i) people can select into communities while (ii) government...
Persistent link: https://www.econbiz.de/10012322523
Accurate counts of cases and deaths are critical for devising an optimal pandemic response. Yet, as the COVID-19 pandemic has progressed, so too has the recognition that cases and deaths have been underreported, perhaps vastly so. Here, we present an econometric strategy to estimate the true...
Persistent link: https://www.econbiz.de/10012498017