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Do weak institutions prolong crises? : on the identification, characteristics, and duration of declines during economic slumps
Bluhm, Richard; Crombrugghe, Denis de; Szirmai, Adam - 2014
episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some … institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of …
Persistent link: https://www.econbiz.de/10010234524
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Generalized propensity scores for multiple continuous treatment variables
Egger, Peter; Ehrlich, Maximilian von - 2013
This paper illustrates that the generalized propensity score method can easily be applied with multiple continuous endogenous treatment variables. Consistency proofs carry over straightforwardly to this general case, and the approach is shown to work well in finite samples with various...
Persistent link: https://www.econbiz.de/10009691700
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Simulation and estimation of hedonic models
Heckman, James J. - 2003
Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...
Persistent link: https://www.econbiz.de/10011509388
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Non-parametric preprocessing for the estimation of equivalence scales
Dudel, Christian; Garbuszus, Jan Marvin; Ott, Notburga; … - 2014
Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric model is estimated, observations are selected in such a way that the resulting subset of data can be assumed to be sufficiently homogeneous with respect to the specific research...
Persistent link: https://www.econbiz.de/10010458584
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Identification and estimation of the environmental Kuznets curve : pairwise differencing to deal with nonlinearity and nonstationarity
Sen, Suphi; Melenberg, Bertrand; Vollebergh, Herman R. J. - 2016
We propose an estimation strategy that accounts for two major problems raised in the empirical literature testing for the prevalence of the inverted U-shaped relation between environmental degradation and economic activity, namely the Environmental Kuznets Curve (EKC) hypothesis. First, we use...
Persistent link: https://www.econbiz.de/10011447524
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Doubly robust estimation of local average treatment effects using inverse probability weighted regression adjustment
Słoczyński, Tymon; Uysal, Selver Derya; Wooldridge, … - 2022
We revisit the problem of estimating the local average treatment effect (LATE) and the local average treatment effect on the treated (LATT) when control variables are available, either to render the instrumental variable (IV) suitably exogenous or to improve precision. Unlike previous...
Persistent link: https://www.econbiz.de/10013457343
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Nonparametric estimation of sponsored search auctions and impacts of AD quality on search revenue
Kim, Dongwoo; Pal, Pallavi - 2023
This paper presents an empirical model of sponsored search auctions in which advertisers are ranked by bid and ad quality. We introduce a new nonparametric estimator for the advertiser's ad value and its distribution under the 'incomplete information' assumption. The ad value is characterized by...
Persistent link: https://www.econbiz.de/10014228566
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Heterogeneous peer effects and rank concerns : theory and evidence
Tincani, Michela M. - 2017
Using a theoretical model where students care about achievement rank, I study effort choices in the classroom and show that rank concerns generate peer effects. The model's key empirical prediction is that the effect on own achievement of increasing the dispersion in peer cost of effort is...
Persistent link: https://www.econbiz.de/10011602698
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Government deficits in the European Union : an analysis of entry and exit dynamics
Bayar, Ali H.; Smeets, Bram - 2009
they are now out of excessive deficits. -- fiscal policy ; Economic and Monetary Union ; duration models …
Persistent link: https://www.econbiz.de/10003857171
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Explaining early adoption on new medicines : regulation, innovation and scale
Varol, Nebibe; Costa-Font, Joan; McGuire, Alistair - 2011
OECD markets during 1999-2008. Due to the censoring of launch data we use discrete time duration modelling with parametric … and semi-parametric duration dependence specification. A sub-sample analysis including only EU countries also investigates …. -- pharmaceutical innovation ; regulation ; adoption ; duration analysis …
Persistent link: https://www.econbiz.de/10009127576