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Climbing the Drug Staircase: A Bayesian Analysis of the Initiation of Hard Drug Use
Bretteville-Jensen, Anne Line; Jacobi, Liana - Institute for the Study of Labor (IZA) - 2008
importance of previous cannabis use, proneness and accessibility factors on hard drug initiation and to explore potential policy … been influential in formulating a strict drug policy in many western countries. Individual differences in proneness and … initiation and, also, a more flexible correlation pattern for the unobservables. We find that proneness, accessibility and …
Persistent link: https://www.econbiz.de/10005822523
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Climbing the drug staircase : a Bayesian analysis of the initiation of hard drug use
Bretteville-Jensen, Anne Line (contributor);  … - 2008
importance of previous cannabis use, proneness and accessibility factors on hard drug initiation and to explore potential policy … been influential in formulating a strict drug policy in many western countries. Individual differences in proneness and … initiation and, also, a more flexible correlation pattern for the unobservables. We find that proneness, accessibility and …
Persistent link: https://www.econbiz.de/10003784387
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Climbing the Drug Staircase : A Bayesian Analysis of the Initiation of Hard Drug Use
Bretteville-Jensen, Anne Line; Jacobi, Liana - 2021
importance of previous cannabis use, proneness and accessibility factors on hard drug initiation and to explore potential policy … been influential in formulating a strict drug policy in many western countries. Individual differences in proneness and … initiation and, also, a more flexible correlation pattern for the unobservables. We find that proneness, accessibility and …
Persistent link: https://www.econbiz.de/10013324738
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Bayesian inference in a stochastic volatility Nelson-Siegel Model
Hautsch, Nikolaus; Yang, Fuyu - 2010
In this paper, we develop and apply Bayesian inference for an extended Nelson-Siegel (1987) term structure model capturing interest rate risk. The so-called Stochastic Volatility Nelson-Siegel (SVNS) model allows for stochastic volatility in the underlying yield factors. We propose a Markov...
Persistent link: https://www.econbiz.de/10010270702
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Do maternal health problems influence child's worrying status? : evidence from British cohort study
Dai, Xianhua; Härdle, Wolfgang; Yu, Keming - 2014
The influence of maternal health problems on child's worrying status is important in practice in terms of the intervention of maternal health problems early for the influence on child's worrying status. Conventional methods apply symmetric prior distributions such as a normal distribution or a...
Persistent link: https://www.econbiz.de/10010253468
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A Bayesian heterogeneous coefficients spatial autoregressive panel data model of retail fuel price rivalry
Lesage, James P.; Vance, Colin; Chih, Yao-Yu - 2016
We apply a heterogenous coefficient spatial autoregressive panel model from Aquaro, Bailey and Pesaran (2015) to explore competition/cooperation by Berlin fueling stations in setting prices for diesel and E5 fuel. Unlike the maximum likelihood estimation method set forth by Aquaro, Bailey and...
Persistent link: https://www.econbiz.de/10011460317
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A non-linear forecast combination procedure for binary outcomes
Lahiri, Kajal; Yang, Liu - 2015
We develop a non-linear forecast combination rule based on copulas that incorporate the dynamic interaction between individual predictors. This approach is optimal in the sense that the resulting combined forecast produces the highest discriminatory power as measured by the receiver operating...
Persistent link: https://www.econbiz.de/10010475341
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Expected money growth, Markov trends and the instability of money demand in the euro area
Kaufmann, Sylvia; Kugler, Peter - 2007 - This version: December 2007
This paper analyzes the recently documented instability of money demand in the euro area in the framework of a Markov switching trend model. First, we consider a standard flexible price model with stable money demand, rational expectations, and an exogenous income-money ratio which follows a...
Persistent link: https://www.econbiz.de/10011570250
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Incorporating Search and Sales Information in Demand Estimation
Hortaçsu, Ali; Natan, Olivia; Parsley, Hayden; … - 2021
We propose an approach to modeling and estimating discrete choice demand that allows for a large number of zero sale observations, rich unobserved heterogeneity, and endogenous prices. We do so by modeling small market sizes through Poisson arrivals. Each of these arriving consumers then solves...
Persistent link: https://www.econbiz.de/10013312178
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Multivariate Stochastic Volatility via Wishart Processes - A Continuation
Rinnergschwentner, Wolfgang; Tappeiner, Gottfried; … - 2011
This paper picks up on a model developed by Philipov and Glickman (2006) for modeling multivariate stochastic volatility via Wishart processes. MCMC simulation from the posterior distribution is employed to fit the model. However, erroneous mathematical transformations in the full conditionals...
Persistent link: https://www.econbiz.de/10010294794