The paper compares the empirical performance of two recently suggested techniques for estimating Multinomial Probit (MNP) models. The application concerns the choice of the first practice location of general practitioners in Quebec (Canada). Regional similarities are accounted for by modeling...

This paper provides evidence that workers' compensation insurance (WC) affects not only the occurrence but also the composition of reported injuries. In our theoretical approach, WC is the source of two interrelated moral hazard problems: underprovision of accident-preventing efforts by the...

In this article, the authors estimate a spatial autoregressive multinomial probit model of the choice of location by general practitioners for establishing their initial practice. This model allows them to account for potential interdependencies among location choices. The model is used to...

Purpose: This paper aims to answer the question: What are the impacts of implementing in-state procurement preference policies on the economy of the state of South Carolina? Design/methodology/approach: Toevaluate the impacts, the following six economic indicators were analyzed: jobs, personal...

We provide a general methodology for forecasting in the presence of structural breaks induced by unpredictable changes to model parameters. Bayesian methods of learning and model comparison are used to derive a predictive density that takes into account the possibility that a break will occur...