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This paper proposes a nonparametric bias-reduction regression estimator which can accommodate two empirically relevant data environments. The first data environment assumes that at least one of the predictor variables is discrete. In such an empirical framework, a "cell" approach, which consists...
Persistent link: https://www.econbiz.de/10005338317
Scattered residential development is explained using a theoretical model of residential location in which household interactions generate externalities that determine location choices. Results demonstrate the role of income and heterogeneous preferences in generating this form of sprawl. Among...
Persistent link: https://www.econbiz.de/10005500420
Selected Paper prepared for presentation at the Agricultural & Applied Economics Association's 2012 AAEA Annual Meeting, Seattle, Washington, August 12-14, 2012. This research was supported by a cooperative agreement with U.S. Department of Agriculture, the Economic Research Service. We thank...
Persistent link: https://www.econbiz.de/10010916730
This paper proposes a nonparametric bias-reduction regression estimator which can accommodate two empirically relevant data environments. The first data environment assumes that at least one of the predictor variables is discrete. In such an empirical framework, a "cell" approach, which consists...
Persistent link: https://www.econbiz.de/10009443567
Recent work in regional science, geography, and urban economics has advanced spatial modeling of land markets and land use by incorporating greater spatial complexity, including multiple sources of spatial heterogeneity, multiple spatial scales, and spatial dynamics. Doing so has required a move...
Persistent link: https://www.econbiz.de/10009650483
Cluster analysis was used to identify five distinct buyer segments for expendable input purchases for U.S. crop and livestock commercial producers. A multinomial logit model was used to predict segment membership based on demographic, behavioral, and business management factors. Results provide...
Persistent link: https://www.econbiz.de/10005500347
In OLS and 2SLS regression analysis a positive relationship exists between small business and economic growth. A strong inverse relationship also exists between the incidence of poverty and small business and economic growth. Thus, the empirical result establishes the linkage between small...
Persistent link: https://www.econbiz.de/10005500354
In comparing second-best prices and quantities, studies assume that quantities bind with probability one. We present a more general and realistic model of second-best regulation where quantity instruments can bind with probability less than one. This additional flexibility of quantity...
Persistent link: https://www.econbiz.de/10005500355
The consequences of spatial effects on discrete choice models have not been well established. Various ad hoc workarounds have been proposed to mitigate potential estimation problems. This paper employs Monte Carlo simulation to investigate the severity of the problems introduced by spatial...
Persistent link: https://www.econbiz.de/10005500364
Using explicit theoretical models, this study analyzes the economic impact of alternative vertical coordination mechanisms in a three-stages production-marketing chain where interactions among multiples players at each stage, among players at different stages, and the price, output and welfare...
Persistent link: https://www.econbiz.de/10005500367