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This paper considers the social costs implied by inefficient allocation of contracts in a first price, sealed bid procurement auction with asymmetric bidders. We adopt a constrained (piecewise linear) strategy equilibrium concept and estimate the structural parameters of the bidders’...
Persistent link: https://www.econbiz.de/10005190479
In this paper we use mixed logit specifications to allow parameters to vary in the population when estimating the value of time for long-distance car travel.
Persistent link: https://www.econbiz.de/10005634507
MIcro-simulation is an approach to analyze the impact of economic and social policy on the distribution of target … models currently used in policy analysis are static and they do not include behavioral response to policy changes, just their … surveys current theory and practice in micro-simulation with an emphasis on behavioral modleing, and discusses issues of model …
Persistent link: https://www.econbiz.de/10005669572
This paper investigates to what extent voters and politicians have the same preferences for locally provided welfare services. We make use of two different types of survey questionnaires; one directed towards voters and one directed towards politicians. We reach two main conclusions in the...
Persistent link: https://www.econbiz.de/10005644572
In a travel mode choice context, we use survey data to construct and test the significance of five individual specific latent variables – environmental preferences, safety, comfort, convenience and flexibility - postulated to be important for modal choice. Whereas the construction of the...
Persistent link: https://www.econbiz.de/10005644605
problems and solutions. It also summarizes the main results of the simulations. A complete description of the models and …
Persistent link: https://www.econbiz.de/10005771040
Given differences in public saving programs between Sweden and the United States, an examination of household private wealth accumulation in these two countries can be enlightening. In this paper we examine wealth inequality and mobility in Sweden and the United States over the past decade. We...
Persistent link: https://www.econbiz.de/10005779750
When a survey response mechanism depends on the variable of interest measured within the same survey and observed for only part of the sample, the situation is one of nonignorable nonresponse. Ignoring the nonresponse is likely to generate significant bias in the estimates. To solve this, one...
Persistent link: https://www.econbiz.de/10005190477
comparing the predictions of three difference models; the conditional logit (CL) model, the mixed logit (MXL) model, and the …
Persistent link: https://www.econbiz.de/10005419174
In this paper we use mixed logit specifications to allow parameters to vary in the population when estimating the value of time for long-distance car travel. Our main conclusion is that the estimated value of time is very sensitive to how the model is specified: we find that it is significantly...
Persistent link: https://www.econbiz.de/10005419189