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A practical test for the choice of mixing distribution in a discrete choice model

Fosgerau, Mogens; Bierlaire, Michel - EconWPA - 2005

The choice of a specific distribution for random parameters of a discrete choice model is a critical issue in transportation analysis. Indeed, various pieces of research have demonstrated that an inappropriate choice of the distribution may lead to serious biases in model forecast and in the...

Persistent link: https://www.econbiz.de/10005119168

Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2004

The cyclical behavior of hours worked, wages, and consumption does not conform with the prediction of the representative agent with standard preferences. The residual in the intra-temporal first-order condition for commodity consumption and leisure is often viewed as a failure of labor-market...

Persistent link: https://www.econbiz.de/10005076681

The Effects of Heterogeneity in Price Setting on Price and Inflation Inertia

Carvalho, Carlos Viana de - EconWPA - 2004

This paper analyzes the implications of heterogeneity in price setting for the real effects of monetary shocks …. Starting from otherwise standard sticky price and sticky information models, I introduce ex-ante heterogeneity in terms of … calibrations. Both the qualitative and the quantitative results show that heterogeneity leads monetary shocks to have substantially …

Persistent link: https://www.econbiz.de/10005125022

Individual learning and team functioning

Novarese, Marco - EconWPA - 2004

This paper aims at studying the effects of learning - seen as a possible source of individual heterogeneity - on team … the strategies of their previous partners). A significant heterogeneity in the behaviour, related to personal traits and … differences affect team performance in the same task. Best teams require a mix of similarity and heterogeneity among members. …

Persistent link: https://www.econbiz.de/10005125572

Heterogeneity and Learning in Labor Markets

Woodcock, Simon D. - EconWPA - 2005

This paper examines the role of agent heterogeneity and learning on wage dispersion and employment dynamics. In the … heterogeneity in beliefs about match quality. Under a simple CRS technology, the equilibrium wage is additively separable in worker …

Persistent link: https://www.econbiz.de/10005125778

Search, Mismatch and Unemployment

Blázquez, Maite; Jansen, Marcel - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005125814

'Residual' Wage Disparity in Directed Search Equilibrium

Kennes, John; King, Ian Paul; Julien, Benoit - EconWPA - 2002

We examine how much of the observed wage dispersion among similar workers can be explained as a consequence of a lack of coordination among employers. To do this, we construct a directed search model with homogenous workers but where firms can create either good or bad jobs, aimed at either...

Persistent link: https://www.econbiz.de/10005126186

The Effects of Heterogeneity in Price Setting on Price and Inflation Inertia

Carvalho, Carlos Viana de - EconWPA - 2005

This paper has been replaced by a newer version.

Persistent link: https://www.econbiz.de/10005126277

Complex Remanence vs. Simple Persistence: Are Hysteresis and Unit-Root Processes observationally equivalent?

amable, bruno; henry, jerome; lordon, frederic; topol, … - EconWPA - 2005

The hysteresis terminology has mainly been used in two fields of economics, unemplyment and international trade, with a different meaning however, involving either linear autoregressive macro behaviour or non- linear heterogenous mico behaviour. There may nonetheless be observational equivalence...

Persistent link: https://www.econbiz.de/10005134578

A Note on Testing for Environmental Kuznets Curves with Panel Data

Dijkgraaf, Elbert; Vollebergh, Herman - EconWPA - 2004

This paper casts doubt on empirical results based on panel estimations of an “inverted-U” relationship between per capita GDP and pollution. Using a new data set for OECD countries on carbon dioxide emissions for the period 1960-1997, we find that the crucial assumption of homogeneity across...

Persistent link: https://www.econbiz.de/10005062471