Similar Search Results

Simulation Based Inference for Dynamic Multinomial Choice Models

Geweke, John; Houser, Dan; Keane, Michael - Volkswirtschaftliche Fakultät, … - 1999

Our goal in this chapter is to explain concretely how to implement simulation methods in a very general class of models that are extremely useful in applied work: dynamic discrete choice models where one has available a panel of multinomial choice histories and partially observed payoffs....

Persistent link: https://www.econbiz.de/10011260171

Simulation estimation for panel data models with limited dependent variables

Keane, Michael - Volkswirtschaftliche Fakultät, … - 1993

Simulation estimation in the context of panel data, limited dependent-variable (LDV) models poses formidable problems that are not present in the crosssection case. Nevertheless, a number of practical simulation estimation methods have been proposed and implemented for panel data LDV models....

Persistent link: https://www.econbiz.de/10011112867

A Factor-Analytic Probit Model for Representing the Market Structure in Panel Data

Elrod, Terry; Keane, Michael - Volkswirtschaftliche Fakultät, … - 1995

Internal market structure analysis infers both brand attributes and consumer preferences for those attributes from preference or choice data. The authors exploit a new method for estimating probit models from panel data to infer market structures that can be displayed in few dimensions, even...

Persistent link: https://www.econbiz.de/10011113209

Longevity, life-cycle behavior and pension reform

Haan, Peter; Prowse, Victoria - Volkswirtschaftliche Fakultät, … - 2012

individuals' employment, retirement and consumption decisions. Our modeling approach allows life expectancy and the nature of the … public pension system to influence the decisions of forward-looking individuals planning for retirement. We calculate that …, increasing the full pensionable age generates the largest responses in labor supply and retirement behavior. …

Persistent link: https://www.econbiz.de/10011112153

Brand and Quantity Choice Dynamics Under Price Uncertainty

Erdem, Tulin; Imai, Susumu; Keane, Michael - Volkswirtschaftliche Fakultät, … - 2003

We develop a model of household demand for frequently purchased consumer goods that are branded, storable and subject to stochastic price fluctuations. Our framework accounts for how inventories and expectations of future prices affect current period purchase decisions. We estimate our model...

Persistent link: https://www.econbiz.de/10011257829

THE ESTIMATION OF FOOD STAMP SELF-SELECTION MODELS USING THE METHOD OF SIMULATION

Keane, Michael; Moffitt, Robert - Volkswirtschaftliche Fakultät, … - 1992

Much research sponsored by the Department of Agriculture's Food and Nutrition Service (FNS) has evaluated the effects of the Food Stamp Program (FSP) and other food and nutrition programs on outcomes of interest (e.g., dietary intake or food expenditures). Of course, the problem of...

Persistent link: https://www.econbiz.de/10011108367

Communicating quantitative information: tables vs graphs

Klein, Torsten L. - Volkswirtschaftliche Fakultät, … - 2014

In applied statistics and computational econometrics a key task for researchers is to bring the sizable but unstructured body of numeric evidence, for example from Monte Carlo simulation, in a form ready for introducing to scientific dialog. At their disposal they find established means of...

Persistent link: https://www.econbiz.de/10011109202

Advances in Random Utility Models

Horowitz, Joel; Keane, Michael; Bolduc, Denis; Divakar, … - Volkswirtschaftliche Fakultät, … - 1994

In recent years, major advances have taken place in three areas of random utility modeling: (1) semiparametric estimation, (2) computational methods for multinomial probit models, and (3) computational methods for Bayesian stimation. This paper summarizes these developments and discusses their...

Persistent link: https://www.econbiz.de/10011109965

Current Issues in Discrete Choice Modeling

Keane, Michael - Volkswirtschaftliche Fakultät, … - 1997

Until recently, computational constraints forced researchers in the discrete choice area to limit themselves to very simple statistical models, such as the multinomial logit (MNL), in which choice probabilities could be evaluated quickly on a computer. But the MNL only makes sense as a...

Persistent link: https://www.econbiz.de/10011112455

The small multiple in econometrics – a redesign

Klein, Torsten L. - Volkswirtschaftliche Fakultät, … - 2014

This brief note serves as a companion paper to Klein (2014). Small multiples incorporate graphical frameworks such as P value plots with ease, and thus facilitate visualizing quantitative data that record parameter change from simulation experiments. Pitfalls in layout may be avoided when...

Persistent link: https://www.econbiz.de/10011114338

1
2
3
4
5
6
7
8
9
10
Next
Last