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Incorporating Search and Sales Information in Demand Estimation
Hortaçsu, Ali; Natan, Olivia R.; Parsley, Hayden; … - National Bureau of Economic Research - 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/10012794558
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On Inferring Demand for Health Care in the Presence of Anchoring, Acquiescence, and Selection Biases
Bhattacharya, Jay - 2008
bidding game to infer willingness to pay. Anchoring bias occurs when the willingness to pay estimate is sensitive to the … initially presented starting value. Acquiescence bias occurs when survey respondents exhibit a tendency to answer 'yes' to … participate, selection bias raises concerns about the representativeness of the sample …
Persistent link: https://www.econbiz.de/10012464782
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Envirodevonomics : A Research Agenda for a Young Field
Greenstone, Michael - 2013
Environmental quality in many developing countries is poor and generates substantial health and productivity costs. However, existing measures of willingness to pay for environmental quality improvements indicate low valuations by affected households. This paper argues that this seeming paradox...
Persistent link: https://www.econbiz.de/10012459234
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Bias in U.S. Import Prices and Demand
Feenstra, Robert C. - 1994
The purpose of the paper is to measure the potential bias in the U.S. import price index due to the appearance of new … product varieties, or new foreign suppliers, and determine the effect of this bias on the estimated income elasticity of … share of import expenditure on the sampled products is falling over time, this will lead to an upward bias in the measured …
Persistent link: https://www.econbiz.de/10012474074
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Race, Ethnicity, and Measurement Error
Meyer, Bruce D. - 2024
Large literatures have analyzed racial and ethnic disparities in economic outcomes and access to the safety net. For such analyses that rely on survey data, it is crucial that survey accuracy does not vary by race and ethnicity. Otherwise, the observed disparities may be confounded by...
Persistent link: https://www.econbiz.de/10015056187
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How Large is the Bias is Self-Reported Disability?
Benitez-Silva, Hugo - 2000
A pervasive concern with the use of self-reported health and disability measures in behavioral models is that they are biased and endogenous. A commonly suggested explanation is that survey respondents exaggerate the severity of health problems and incidence of disabilities in order to...
Persistent link: https://www.econbiz.de/10012471248
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External Treatment Effects and Program Implementation Bias
Philipson, Tomas J. - 2000
This paper discusses the definition and identification of external treatment effects and experimental designs capable of detecting these effects. External effects occur when the outcome of a given individual is affected by the treatment assignments of other individuals. The paper argues that...
Persistent link: https://www.econbiz.de/10012471322
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Predictive Regressions
Stambaugh, Robert F. - 1999
When a rate of return is regressed on a lagged stochastic regressor, such as a dividend yield, the regression disturbance is correlated with the regressor's innovation. The OLS estimator's finite-sample properties, derived here, can depart substantially from the standard regression setting....
Persistent link: https://www.econbiz.de/10012471691
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Approximation Bias in Linearized Euler Equations
Ludvigson, Sydney - 1999
some, but not all, of the approximation bias …
Persistent link: https://www.econbiz.de/10012471817
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Interpreting Tests of Forward Discount Bias Using Survey Data on Exchange Rate Expectations
Froot, Kenneth A. - 1986
the spot rate. We use the surveys to decompose the bias into a protion attributable to the risk premium and a portion … attributable to systematic prediction errors. The survey data suggest that our findings of both unconditional and conditional bias …
Persistent link: https://www.econbiz.de/10012477109