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This paper empirically examines the role of community social capital in the individual's health production function. It focuses on health measures relating to physical as well as mental health. The authors identify a robust positive empirical association between community-level social capital...
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In this chapter, we use the minimum cross-entropy method to derive an approximate joint probability model for a multivariate economic process based on limited information about the marginal quasi-density functions and the joint moment conditions. The modeling approach is related to joint...
Persistent link: https://www.econbiz.de/10015388942
We propose a quasi–maximum likelihood estimator for the location parameters of a linear regression model with bounded and symmetrically distributed errors. The error outcomes are restated as the convex combination of the bounds, and we use the method of maximum entropy to derive the...
Persistent link: https://www.econbiz.de/10015388943