Showing 1 - 9 of 9
In facility layout problems, a major concern is the optimal design or remodeling of the facilities of an organization. The decision maker's objective is to arrange the facility in an optimal way, so that the interaction among functions (i.e. machines, inventories, persons) and places (i.e....
Persistent link: https://www.econbiz.de/10005779778
In facility layout problems, a major concern is the optimal design or remodeling of the facilities of an organization. The decision maker’s objective is to arrange the facility in an optimal way, so that the interaction among functions (i.e. machines, inventories, persons) and places (i.e....
Persistent link: https://www.econbiz.de/10005644604
We examine how tax avoidance in the form of trade in well-functioning asset markets affects the empirical study of labor supply. We discuss the implications for tax policy analysis, and we show that a failure to account for avoidance responses may lead to huge errors when predicting how tax...
Persistent link: https://www.econbiz.de/10005479132
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 practical applications of micro simulation models very little is usually known about the properties of the simulated … values. This paper argues that we need to apply the same rigourous standards for inference in micro simulation work as in … scientific worl generally. If not, then micro simulation models will loose in credibility. …
Persistent link: https://www.econbiz.de/10005638536
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 involves modeling the behavior of individuals and other decision units taking into account the effects …
Persistent link: https://www.econbiz.de/10005634518
This paper provides a brief survey of the bootstrap and its use in econometrics. As an introduction, the paper gives a description of the basics of the method, with a special emphasis on boostrap testing. A fairly large amount of space is devoted to discuss why bootstrap tests provide...
Persistent link: https://www.econbiz.de/10005669546
MIcro-simulation is an approach to analyze the impact of economic and social policy on the distribution of target … 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