Ticket queues arise often in public and private sector operations. The service providers in ticket queues have limited information on customer abandonments because abandonment time data is interval censored. The censored nature of data poses challenges in modeling and analysis of abandonments...

LOT liquidity model, which is a kind of Tobit model with two unknown censoring points, is commonly used in the literature of microstructure of financial markets to estimate transaction costs and market liquidity from the observed return series. As far as the estimation is concerned, method based...

Multivariate economic and business data frequently suffer from a missing data phenomenon that has not been sufficiently explored in the literature:b oth the independent and dependent variables for one or more dimensions are missing or absent for some of the observational units. For example, in...

In this paper we introduce a new flexible mixed model for multinomial discrete choice where the key individual- and alternative-specific parameters of interest are allowed to follow an assumptionfree nonparametric density specification while other alternative-specific coefficients are assumed to...

Markov models introduce persistence in the mixture distribution. In time series analysis, the mixture components relate to different persistent states characterizing the state-specific time series process. Model specification is discussed in a general form. Emphasis is put on the functional form...

We propose a new measure of underlying inflation that informs, in real time, about asymmetric risks on the outlook of inflationary pressures. The asymmetries are generated through nonlinearities induced by economic activity. The new indicator is based on a multivariate regime-switching framework...

Markov models introduce persistence in the mixture distribution. In time series analysis, the mixture components relate to different persistent states characterizing the state-specific time series process. Model specification is discussed in a general form. Emphasis is put on the functional form...

Self-employment grants and employment subsidies are active labor market programs that aim at helping unemployed workers to escape unemployment by becoming self-employed or being hired at an initially reduced cost for the employer. In Sweden in the 1990's the participation rate in the...

We present the censored regression model with the error term following the asymmetric exponential power distribution. We propose three Markov chain Monte Carlo (MCMC) algorithms: the first one uses the probability integral transformation; the second one uses a combination of the probability...

As one of the Emerging and Growth-Leading Economies (EAGLES), Vietnam is maintaining rapid economic development at the cost of environmental degradation. However, the impact of economic growth and the role of fiscal policy tools in Vietnam's pollution equation remains unclear. This study uses a...