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Economists who use survey or administrative data for inferences regarding a population may want to combine information obtained from two or more samples drawn from the population. This is the case if there is no single sample that contains all relevant variables. A special case occurs if...
Persistent link: https://www.econbiz.de/10014024940
Important features of certain economic models may be revealed by studying positive eigenfunctions of appropriately chosen linear operators. Examples include long-run risk-return relationships in dynamic asset pricing models and components of marginal utility in external habit formation models....
Persistent link: https://www.econbiz.de/10010403496
Persistent link: https://www.econbiz.de/10000683972
A measurement error model is a regression model with (substantial) measurement errors in the variables. Disregarding these measurement errors in estimating the regression parameters results in asymptotically biased estimators. Several methods have been proposed to eliminate, or at least to...
Persistent link: https://www.econbiz.de/10003135841
This paper undertakes a study about the "zero" option in conjoint analysis. The "zero" option relates to the no choice of products presented to individuals within the frame of a survey. This no choice embeds two distinct concepts, the refusal and the conflict. The first represents the...
Persistent link: https://www.econbiz.de/10014195768
Researchers often use data from multiple datasets to conduct credible econometric and statistical analysis. The most reliable way to link entries across such datasets is to exploit unique identifiers if those are available. Such linkage however may result in privacy violations revealing...
Persistent link: https://www.econbiz.de/10014119558
Nonparametric regression is often considered as unreliable in small samples when the number of regressors is large. This may be different if the dependent variable is bounded. First, the small-sample properties of nonparametric regression with 14 regressors (4 continuous, 10 binary) are...
Persistent link: https://www.econbiz.de/10014124582
Quasi-random numbers that are evenly spread over the integration domain have become used as alternatives to pseudo-random numbers in maximum simulated likelihood problems to reduce computational time. In this paper, we carry out Monte Carlo experiments to explore the properties of quasi-random...
Persistent link: https://www.econbiz.de/10012997542
This paper revisits the non-Markovian regime switching model considered by Chib and Dueker (2004), who employ an autoregressive continuous latent variable in order to specify the dynamics of the latent regime-indicator variable. We show that, in spite of the non-Markovian nature of the regime...
Persistent link: https://www.econbiz.de/10012922139
It is a common finding in empirical discrete choice studies that the estimated mean relative values of the coefficients (i.e. WTP's) from multinomial logit (MNL) estimations differ from those calculated using mixed logit estimations, where the mixed logit has the better statistical fit. It is,...
Persistent link: https://www.econbiz.de/10013148764