Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...

We compute a stochastic household forecast for the Netherlands by the random share method. Time series of shares of persons in nine household positions, broken down by sex and five-year age group for the years 1996-2010 are modelled by means of the Hyndman-Booth-Yasmeen product-ratio variant of...

Zusammenfassung Monte Carlo Methoden haben sich auf vielen Gebieten der Statistik und Ökonometrie als wertvolles Instrument erwiesen. Die übliche Verwendung von Pseudozufallszahlen führt dazu, daß der Zusammenhang zwischen einem allgemeinen Zufallsbegriff und der Anwendung in Monte Carlo...

This note presents a simple, robust and computationally efficient way to calculate expectations of arbitrary future payoffs within the context of a Monte Carlo forward-induction methodology. The technique complements existing approximation techniques: while virtually all existing approximation...

We compute a stochastic household forecast for the Netherlands by the random share method. Time series of shares of persons in nine household positions, broken down by sex and five-year age group for the years 1996-2010 are modelled by means of the Hyndman-Booth-Yasmeen product-ratio variant of...

The article is focused on possible contingent liabilities valuation procedures. The first part of this article is concerned with necessity of contingent liabilities evaluation from the mergers, acquisitions and other business combinations point of view. It highlights possible negative effects...

This paper analyses how the scoring systems actually and potentially used in a variety of sports and games affect the suspense they can generate. The experimental method relies on several Monte Carlo simulations applied on a comparative basis to basketball, table tennis and tennis. Results show...

Effusion of an ideal gas through a small orifice when a drifting gas exists past the orifice, as well as the reverse process, are investigated through extensive two-dimensional Monte Carlo simulations. It is found that a net transport of particles takes place toward the side containing the...

This paper introduces a new method for pricing exotic options whose payoff functions depend on several stochastic indices and American options in multidimensional models. This method is based on two ideas. One is an application of the asymptotic expansion method for the law of a multidimensional...

The 2nd pillar of the Polish pension system was recently modified. The government lowered the amount for obligatory contributions transferred to private open pension funds and redirected the difference to notional accounts. A Monte Carlo simulation model was developed to compare two variants of...