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Land Conversion and Market Equilibrium – Insights from a Simulated Landscape

Iovanna, Richard; Vance, Colin - 2010

-use change into the future and for policy simulation. Finally, we use the model to examine the impact of common land conservation …

Persistent link: https://www.econbiz.de/10010269978

A computationally practical simulation estimation algorithm for dynamic panel data models with unobserved endogenous state variables

Keane, Michael P.; Sauer, Robert M. - 2009

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

Persistent link: https://www.econbiz.de/10010271244

Simulation and Estimation of Hedonic Models

Heckman, James Joseph; Matzkin, Rosa Liliana; Nesheim, Lars - 2003

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...

Persistent link: https://www.econbiz.de/10010275775

Finite sample correction factors for panel cointegration tests

Hlouskova, Jaroslava; Wagner, Martin - 2009

In this paper we present finite T mean and variance correction factors and corresponding response surface regressions for the panel cointegration tests presented in Pedroni (1999, 2004), Westerlund (2005), Larsson et al. (2001), and Breitung (2005). For the single equation tests we consider up...

Persistent link: https://www.econbiz.de/10010294038

Reproducible Econometric Simulations

Kleiber, Christian; Zeileis, Achim - 2011

Reproducibility of economic research has attracted considerable attention in recent years. So far, the discussion has focused on reproducibility of empirical analyses. This paper addresses a further aspect of reproducibility, the reproducibility of computational experiments. We examine the...

Persistent link: https://www.econbiz.de/10010294814

In and Out of Equilibrium: Evolution of Strategies in Repeated Games with Discounting

van Veelen, Matthijs; Garcia, Julian - 2010

not too rare to be found by a reasonable mutation process, and that typical simulation paths take the population from …

Persistent link: https://www.econbiz.de/10010326023

Modelling and Simulation: An Overview

McAleer, Michael; Chan, Felix; Oxley, Les - 2013

The papers in this special issue of Mathematics and Computers in Simulation cover the following topics: improving …, globalization, and innovation: a general equilibrium simulation, whether exchange rates affect consumer prices: a comparative …

Persistent link: https://www.econbiz.de/10010326266

Standard and Shuffled Halton Sequences in a Mixed Logit Model

Staus, Alexander - 2008

. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton … sequence and a modification of it, the Shuffled Halton sequence. Both are simulation methods which can reduce computational … effort compared to a random sequence. We compare the simulation methods in their coverage of the multi-dimensional area and …

Persistent link: https://www.econbiz.de/10011375025

Autonomously Interacting Banks

Lengwiler, Yvan; Maringer, Dietmar - 2011

The great financial turmoil that started 2007 has brought bank regulation back into the political debate. There is talk about imposing new regulations on banks and other financial intermediaries. Yet, we are not convinced that it is completely understood how the existing regulation affects...

Persistent link: https://www.econbiz.de/10011390660

Quantitative analysis of financial market infrastructures: further perspectives on financial stability

Laine, Tatu (contributor) - 2015

This simulator seminar book includes twelve chapters dealing with various aspects of quantitative analysis of financial market infrastructures. The topics include, among others, systemic risks, participant behavior, and new monitoring methods of various payment systems. The methodologies vary...

Persistent link: https://www.econbiz.de/10012148914