The effects of including different kinds of prior information in estimation of the probit model is examined within the framework of Bayesian inference. Of interest is the effect on posterior information for coefficients, probabilities and elasticities. In a model designed to explain choice...

This study examines the influence of taxation on the wife's choice between home and market production by treating the marginal tax rate as a decision variable. The data analyzed, from the Panel Study of Income Dynamics, provide information on the annual hours that husbands and wives devote to...

We explore the properties of a Stein-like shrinkage estimator that combines the fully correlated and uncorrelated Random Parameters Logit model(RPLM). Monte Carlo experiments show that shrinkage and pretest estimators can improve upon the fully correlated RPLM estimator.

Previous research has studied the effects of welfare payments under the Aid to Families with Dependent Children (AFDC) program on incentives and behavior. By lowering the cost of raising children, states with larger welfare payments have higher rates of fertility among poor women, an adverse...

Using data from a survey of 160 urban borrowing groups of the Microfund for Women in Jordan, we investigate the effect of screening, peer monitoring, group pressure, and social ties on borrowing groups’ repayment behavior as an indirect test of different theoretical models. The dependent...

We consider involuntary and voluntary cost increases in Carnegie I and II private research universities, where we find that voluntary cost increases are over three times as high as involuntary cost increases. As is the case with public research universities, private universities economized on...

In this paper, we conduct a set of Monte Carlo sampling experiments to examine the effect of design characteristics on the inequality restricted maximum entropy (RME) estimator. We generate data under varying design characteristics, and estimate the parameters using maximum entropy and least...