investigated in a simulation study. In a practical example, the tests consistently identify covariates with constant and with …

compatible with classical Marshallian theory of migration and motivates the semiparametric analysis. We estimate a Generalized … proposed option-value-of-waiting theory. …

. -- Monte Carlo simulation ; Structural equation modelling ; Unobserved heterogeneity ; Model-based clustering ; Finite mixtures …

performance of the underlying credits. In this paper we discuss the simulation of correlated unpredictable default arrival times … can be estimated from readily available equity and single-name credit derivatives market data. -- simulation ; correlated …

selection criteria. The small sample performance of the methods is compared in a simulation study. It is found that the …