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Perception and retrospection: the dynamic consistency of responses to survey questions on wellbeing
Pudney, Stephen E. - 2010
Implementation of broad approaches to welfare analysis usually entails the use of 'subjective' welfare indicators. We analyse BHPS data on financial wellbeing to determine whether reported current and retrospective perceptions are consistent with each other and with the existence of a common...
Persistent link: https://www.econbiz.de/10003989964
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Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence
Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2023
the presence of unobserved heterogeneity. To reliably estimate heterogeneous responses in our un-balanced panel, we … develop Sequential Monte Carlo computational methods. We find substantial heterogeneity in consumption responses, and uncover … heterogeneity. …
Persistent link: https://www.econbiz.de/10014248416
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A Bayesian mixed logit-probit model for multinomial choice
Burda, Martin (contributor); Harding, Matthew (contributor);  … - 2008
In this paper we introduce a new flexible mixed model for multinomial discrete choice where the key individual- and alternative-specific parameters of interest are allowed to follow an assumptionfree nonparametric density specification while other alternative-specific coefficients are assumed to...
Persistent link: https://www.econbiz.de/10003746887
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Nonparametric identification of a binary random factor in cross section data
Dong, Yingying; Lewbel, Arthur - 2009
Suppose V and U are two independent mean zero random variables, where V has an asymmetric distribution with two mass points and U has a symmetric distribution. We show that the distributions of V and U are nonparametrically identified just from observing the sum V + U, and provide a rate root n...
Persistent link: https://www.econbiz.de/10003854237
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An econometric model of link formation with degree heterogeneity
Graham, Bryan S. - 2015
agent characteristics (homophily) as well as unrestricted agent level heterogeneity in link surplus (degree heterogeneity … left unrestricted. To motivate the introduction of degree heterogeneity, as well as its fixed effect treatment, I show how …,tetrad logit (TL), estimator conditions on a sufficient statistic for the degree heterogeneity. The TL estimator is a fourth …
Persistent link: https://www.econbiz.de/10011304142
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Inference in ordered response games with complete information
Aradillas-Lopez, Andrew; Rosen, Adam M. - 2013
We study econometric models of complete information games with ordered action spaces, such as the number of store fronts operated in a market by a firm, or the daily number of flights on a city-pair offered by an airline. The model generalises single agent models such as ordered probit and logit...
Persistent link: https://www.econbiz.de/10009771790
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Identification, data combination and the risk of disclosure
Komarova, Tatiana; Nekipelov, Denis N.; Jakovlev, Evgenij - 2011
Businesses routinely rely on econometric models to analyze and predict consumer behavior. Estimation of such models may require combining a firm's internal data with external datasets to take into account sample selection, missing observations, omitted variables and errors in measurement within...
Persistent link: https://www.econbiz.de/10009419316
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Inference in ordered response games with complete information
Aradillas-Lopez, Andres; Rosen, Adam M. - 2014
We study econometric models of complete information games with ordered action spaces, such as the number of store fronts operated in a market by a firm, or the daily number of flights on a city-pair offered by an airline. The model generalizes single agent models such as ordered probit and logit...
Persistent link: https://www.econbiz.de/10010399758
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Homophily and transitivity in dynamic network formation
Graham, Bryan S. - 2016
In social and economic networks linked agents often share additional links in common. There are two competing explanations for this phenomenon. First, agents may have a structural taste for transitive links - the returns to linking may be higher if two agents share links in common. Second,...
Persistent link: https://www.econbiz.de/10011451831
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Inference in ordered response games with complete information
Aradillas-Lopez, Andres; Rosen, Adam M. - 2021
We study inference in complete information games with discrete strategy spaces. Unlike binary games, we allow for rich strategy spaces and we only assume that they are ordinal in nature. We derive observable implications of equilibrium play under mild shape restrictions on payoff functions, and...
Persistent link: https://www.econbiz.de/10012544474