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Textbook discussions of discrete choice modelling focus on binomial and multinomial choice models in which agents select a single response. We consider the situation of non-exclusive multinomial choice. The widely used Marginal Logit Model imposes independence and has other disadvantages. We...
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We use Indonesian survey data to analyze the response of rural households to demographic and economic shocks in relation to the household’s permanent income and the extent to which the shock is common across the community. Economic shocks are more likely to result in a labour supply response...
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Everyone knows about seasonality. But what exactly do we know? This study systematically measures seasonal price gaps at 193 markets for 13 food commodities in seven African countries. It shows that the commonly used dummy variable or moving average deviation methods to estimate the seasonal gap...
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