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distribution of duration data. This paper discusses quantile regression for duration analysis allowing for a flexible specification … of the functional relationship and of the error distribution. Censored quantile regression address the issue of right …
Persistent link: https://www.econbiz.de/10005097480
asymptotic distribution can easily be derived. A simulation study confirms that the modified estimator works well. …
Persistent link: https://www.econbiz.de/10005097847
specification of the unobserved error distribution and avoids the common proportional hazard assumption. Our results suggest that …
Persistent link: https://www.econbiz.de/10005097896
implement. The modified estimator is still pn{consistent and we derive its asymptotic distribution. A simulation study confirms …
Persistent link: https://www.econbiz.de/10005097967
Motivated by Manski and Tamer (2002) and especially their partial identification analysis of the regression model where one covariate is only interval-measured, we offer several contributions. Manski and Tamer (2002) propose two estimation approaches in this context, focussing on general...
Persistent link: https://www.econbiz.de/10010957638
While liberalization in energy markets has been a widely successful process all over the world, incumbents often still hold a dominant position. Thus, electricity wholesale markets are subject to market surveillance. Nevertheless, consolidated findings on abusive practices of market power and...
Persistent link: https://www.econbiz.de/10010957651
This paper constitutes a first analysis on stock returns and stock return volatility of energy corporations from the Eurozone. According to our results, the gas market does not play a role for the pricing of Eurozone energy stocks. However, changes in the Euro to U.S. Dollar exchange rate as...
Persistent link: https://www.econbiz.de/10005097537
This paper constitutes – to our best knowledge – the first econometric analysis on stock market effects of the EU Emission Trading Scheme (EU ETS). Our results suggest that EU Emission Allowance (EUA) price developments matter to the stock performance of electricity firms: EUA price changes...
Persistent link: https://www.econbiz.de/10005097601
Previous empirical studies of job creation schemes in Germany have shown that the average effects for the participating individuals are negative. However, we find that this is not true for all strata of the population. Identifying individual characteristics that are responsible for the effect...
Persistent link: https://www.econbiz.de/10005097860
In dieser Studie werden die Wirkungen von Arbeitsbeschaffungsmaßnahmen (ABM) in Deutschland auf die individuellen Eingliederungswahrscheinlichkeiten der Teilnehmer in reguläre Beschäftigung evaluiert. Für die Untersuchung wird ein umfangreicher und informativer Datensatz aus den Datenquellen...
Persistent link: https://www.econbiz.de/10005097951