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Chudik, Alexander; Kapetanios, George; Pesaran, M. Hashem - 2016

Model specification and selection are recurring themes in econometric analysis. Both topics become considerably more complicated in the case of large-dimensional data sets where the set of specification possibilities can become quite large. In the context of linear regression models, penalised...

Persistent link: https://www.econbiz.de/10011444508

Life cycle economics with infectious and chronic diseases

Strulik, Holger; Grossmann, Volker - 2022

expectancy, and the value of life depend on individual characteristics, medical technology, and the disease environment. We then …

Persistent link: https://www.econbiz.de/10013472349

Mining for peace

Hodler, Roland; Schaudt, Paul; Vesperoni, Alberto - 2023

The energy transition increases the demand for minerals from ethnically diverse, conflict-prone developing countries. We study whether and where mining is possible in such countries without raising the risk of civil conflict. We proceed in three steps: First, we propose a theoretical model to...

Persistent link: https://www.econbiz.de/10013486121

Demand estimation using managerial responses to automated price recommendations

García, Daniel; Tolvanen, Juha; Wagner, Alexander K. - 2021

We provide a new framework to identify demand elasticities in markets where managers rely on algorithmic recommendations for price setting, and apply it to a dataset containing bookings for a sample of mid-sized hotels in Europe. Using non-binding algorithmic price recommendations and observed...

Persistent link: https://www.econbiz.de/10012534709

Should contact bans be lifted in Germany? : a quantitative prediction of Its effects

Donsimoni, Jean Roch; Glawion, René; Plachter, Bodo; … - 2020

Many countries consider the lifting of restrictions of social contacts (RSC). We quantify the effects of RSC for Germany. We initially employ a purely statistical approach to predicting prevalence of COVID19 if RSC were upheld after April 20. We employ these findings and feed them into our...

Persistent link: https://www.econbiz.de/10012206629

Examining the education gradient in chronic illness

Chatterji, Pinka; Joo, Heesoo; Lahiri, Kajal - 2012

for the possibility of shared, unmeasured determinants of disease prevalence and disease diagnosis that are correlated … chronic disease. …

Persistent link: https://www.econbiz.de/10009570861

Forecasting random walks under drift instability

Pesaran, M. Hashem (contributor); Pick, Andreas (contributor) - 2008

Persistent link: https://www.econbiz.de/10003711763

Inside the crystal ball : new approaches to predicting the gasoline price at the pump

Baumeister, Christiane; Kilian, Lutz; Lee, Thomas - 2016

the no-change forecast. Our key finding is that substantial reductions in the mean-squared prediction error (MSPE) of … greater reductions in MSPEs are possible by constructing a pooled forecast that assigns equal weight to five of the most …

Persistent link: https://www.econbiz.de/10011429580

Measuring uncertainty of a combined forecast and some tests for forecaster heterogeneity

Lahiri, Kajal; Peng, Huaming; Sheng, Xuguang - 2015

We have argued that from the standpoint of a policy maker, the uncertainty of using the average forecast is not the … that the uncertainty of the average forecast can be expressed as the disagreement among the forecasters plus the volatility … the conceptually correct benchmark forecast uncertainty. …

Persistent link: https://www.econbiz.de/10011305389

Tariffs, trade and productivity : a quantitative evaluation of heterogeneous firm models

Breinlich, Holger; Cuñat, Alejandro - 2013

We examine the quantitative predictions of heterogeneous firm models à la Melitz (2003) in the context of the Canada - US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity across a range of standard models and compare them to the...

Persistent link: https://www.econbiz.de/10009773860

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