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, as one might expect, given the subjective nature of the best-set selection process. While “best estimate selection bias … of the VSL are similar to those in the all-set sample. The bias-corrected estimate of the VSL for the all-set USA sample …
Persistent link: https://www.econbiz.de/10012962820
In a 'smart' electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve efficiency. But coordination enables whoever controls such resources to exercise market power. The paper establishes the following efficiency rankings of market structures:...
Persistent link: https://www.econbiz.de/10012264228
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Our research addresses fundamental long - standing concerns in the compensating wage differentials literature and its public policy implications: the econometric properties of estimates of the value of statistical life (VSL) and the wide range of such estimates from about $0.5 million to about...
Persistent link: https://www.econbiz.de/10013316766
We employ a semi-parametric estimation approach to analyse observed and unobserved heterogeneity in the value of savings in travel time and schedule delay. Our econometric approach allows for the estimation of unobserved and observed heterogeneity in preferences in a flexible way, meaning that...
Persistent link: https://www.econbiz.de/10013035549
In this paper, I present a simple characterization of the sample selection bias problem that is also applicable to the … problem of sample selection bias is fit within the conventional specification error framework of Griliches and Theil. A simple … estimator is discussed that enables analysts to utilize ordinary regression methods to estimate models free of selection bias …
Persistent link: https://www.econbiz.de/10013222664
to panel attrition, which are thought to worsen the bias resulting from initial nonresponse. However, under certain … conditions an initial wave nonresponse bias may vanish in later panel waves. We study such a "Fade away" of an initial … nonresponse bias in the context of regression analysis. By using a time series approach for the covariate and the error terms we …
Persistent link: https://www.econbiz.de/10013494126
This paper focuses on how survey misreporting of food stamp receipt can bias demographic estimation of program … census data. Census data are subject to a lot of misreporting error, both under-reporting and over-reporting, which can bias … the estimates. The impact of misreporting error on estimate bias is examined by calculating food stamp participation rates …
Persistent link: https://www.econbiz.de/10013084278
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