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Predicting Insurance Demand from Risk Attitudes
Jaspersen, Johannes G. - 2019
Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we … parameterize seventeen common structural models (e.g., expected utility, cumulative prospect theory). Subjects also make twelve …
Persistent link: https://www.econbiz.de/10012480452
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The Subprime Crisis and House Price Appreciation
Goetzmann, William N. - 2009
substantiates both supply and demand effects of past price trends in housing markets, particularly with respect to subprime mortgage …-loan collateral values may have affected both the demand and the supply of mortgages. Standard time series models using repeat …
Persistent link: https://www.econbiz.de/10012463316
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How Well Do Structural Demand Models Work? Counterfactual Predictions in School Choice
Pathak, Parag A. - 2017
Discrete choice demand models are widely used for counterfactual policy simulations, yet their out … choice models of school demand. In 2013, Boston Public Schools considered several new choice plans that differ in where …, suggesting that the choice models are indeed "structural." Our findings show that structural demand models can effectively …
Persistent link: https://www.econbiz.de/10012453696
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Demand Modeling, Forecasting, and Counterfactuals, Part I
Pathak, Parag A. - 2014
discrete choice models of demand compared to simpler alternatives. In 2013, Boston Public Schools (BPS) proposed alternative …. Pathak and Shi (2013) estimated discrete choice models of demand using families' historical choices and these demand models … of discrete choice models of demand in our context …
Persistent link: https://www.econbiz.de/10012458802
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More on the Speed of Adjustment in Inventory Models
Blinder, Alan S. - 1986
When empirical stock-adjustment models of manufacturers' inventories of finished goods are estimated, there appear to be two local minima in the sum of squared residuals functions. At one local minimum, the estimated adjustment speed is typically quite high; at the other, it is typically quite...
Persistent link: https://www.econbiz.de/10012477161
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Disequilibrium Dynamics with Inventories and Anticipatory Price-Setting : Some Impirical Results
Green, Jerry R. - 1980
The basic assumption of this paper is an attempt to be specific about price formation while retaining a fixed-price, quantity-constrained equilibration in the short-run. The second theme of this paper is the role of inventories in macrodynamics a topic of long-recognized importance, but one...
Persistent link: https://www.econbiz.de/10012478692
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Inventories, Rational Expectations, and the Business Cycle
Blinder, Alan S. - 1979
The simplest macroeconomic models in which markets clear instantaneously, and expectations are rational preclude the existence of "business cycles," that is, of serially correlated deviations of output from trend. This paper studies one of several mechanisms that can be used to make these...
Persistent link: https://www.econbiz.de/10012478767
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Inventories
Ramey, Valerie A. - 1997
demand for the good in question, and that marginal production cost slopes up. The first explanation assumes as well that …
Persistent link: https://www.econbiz.de/10012472499
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Measuring Noise in Inventory Models
Durlauf, Steven N. - 1993
This paper has two purposes. One is to assess different models of inventory behavior in terms of their ability to well approximate the realized data on inventories. We do this initially for the pure production smoothing model and then for a sequence of generalizations of the model. Our analysis...
Persistent link: https://www.econbiz.de/10012474458
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Cash burns : An inventory model with a cash-credit choice
Alvarez, Fernando - 2015
We present a model that characterizes the relationship between optimal dynamic cash management and the choice of the means of payment. The novel feature of the model is the sequential nature of the payments choice: in each instant the agent can choose to pay with either cash or credit. This...
Persistent link: https://www.econbiz.de/10012457556