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Simulation and Estimation of Hedonic Models
Heckman, James J.; Matzkin, Rosa; Nesheim, Lars - Institute for the Study of Labor (IZA) - 2003
semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar … provide evidence on the performance of several estimation techniques. We also simulate examples of equilibria in nonadditive … models and provide evidence on the performance of the nonadditive estimation techniques developed in Heckman, Matzkin, and …
Persistent link: https://www.econbiz.de/10005703578
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Traits, Imitation, and Evolutionary Dynamics
Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2003
In this article, a modelling framework for the information transmission between agents in an evolutionary game setting is proposed. Agents observe traits which reflect past and present behaviour and success of other agents. If agents imitate more successful agents based on these traits, the...
Persistent link: https://www.econbiz.de/10005822056
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A Computationally Practical Simulation Estimation Algorithm for Dynamic Panel Data Models with Unobserved Endogenous State Variables
Keane, Michael P.; Sauer, Robert M. - Institute for the Study of Labor (IZA) - 2009
This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …
Persistent link: https://www.econbiz.de/10005703001
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Punishing Free-Riders: How Group Size Affects Mutual Monitoring and the Provision of Public Goods
Carpenter, Jeffrey P. - Institute for the Study of Labor (IZA) - 2004
strategies seen in the lab and use the simulation to develop hypotheses about why group size should matter when punishment is …
Persistent link: https://www.econbiz.de/10005703051
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Calculating Confidence Intervals for Continuous and Discontinuous Functions of Estimated Parameters
Ham, John C.; Woutersen, Tiemen - Institute for the Study of Labor (IZA) - 2011
The delta method is commonly used to calculate confidence intervals of functions of estimated parameters that are differentiable with non-zero, bounded derivatives. When the delta method is inappropriate, researchers usually first use a bootstrap procedure where they i) repeatedly take a draw...
Persistent link: https://www.econbiz.de/10009151016
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The Finite Sample Performance of Semi- and Nonparametric Estimators for Treatment Effects and Policy Evaluation
Frölich, Markus; Huber, Martin; Wiesenfarth, Manuel - Institute for the Study of Labor (IZA) - 2015
treatment and policy evaluation. In contrast to previous simulation studies which mostly considered semiparametric approaches … relying on parametric propensity score estimation, we also consider more flexible approaches based on semi- or nonparametric …, inverse probability weighting, regression, and doubly robust estimation, our studies also cover recently proposed estimators …
Persistent link: https://www.econbiz.de/10011125870
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A Simulation of an Income Contingent Tuition Scheme in a Transition Economy
Vodopivec, Milan - Institute for the Study of Labor (IZA) - 2004
The paper takes advantage of exceptionally rich longitudinal data on the universe of labor force participants in Slovenia and simulates the working of an income contingent loan scheme to partly recover tuition costs. The simulations show that under the base variant (where the target cost...
Persistent link: https://www.econbiz.de/10005761698
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Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets
Black, Sandra E.; Devereux, Paul J.; Lundborg, Petter; … - Institute for the Study of Labor (IZA) - 2015
We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial markets and whether the effects spill over to spouses and children. There is substantial evidence that more educated people are more likely to invest in the stock market....
Persistent link: https://www.econbiz.de/10011206862
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The Determinants of Foreign Direct Investment Flows to the Federal Region of Kurdistan
Heshmati, Almas; Davis, Rhona - Institute for the Study of Labor (IZA) - 2007
The flow of foreign direct investment (FDI) has increased dramatically in the last two decades. However, the distribution of FDI is highly unequal and the competition among countries to attract foreign investors is fierce. This report investigates the determinants of FDI inflows to developing...
Persistent link: https://www.econbiz.de/10005762073
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How to Think About Time-Use Data: What Inferences Can We Make About Long- and Short-Run Time Use from Time Diaries?
Frazis, Harley; Stewart, Jay - Institute for the Study of Labor (IZA) - 2010
Time-use researchers are typically interested in the time use of individuals, but time use data are samples of person-days. Given day-to-day variation in how people spend their time, this distinction is analytically important. We examine the conditions necessary to make inferences about the time...
Persistent link: https://www.econbiz.de/10008693835