Showing 1 - 10 of 73
This paper discusses how specification of probabilistic models for multistate duration data generated by individual choices should be justified on a priori theoretical grounds. Preferences are assumed represented by random utilities, where utilities are viewed as random also to the agent...
Persistent link: https://www.econbiz.de/10011968458
This paper investigates which firms suffer from informal competition and highlights the role of access to finance in this context. We use cross-sectional data from the World Bank Enterprise Surveys covering 42,000 firms in 114 developing and transition countries for the period 2006 to 2011 and...
Persistent link: https://www.econbiz.de/10010329991
This paper provides a method to construct simultaneous confidence bands for quantile and quantile effect functions for possibly discrete or mixed discrete-continuous random variables. The construction is generic and does not depend on the nature of the underlying problem. It works in conjunction...
Persistent link: https://www.econbiz.de/10011583293
Norwegian parents of preschool children base their care choices on a completely different choice set from their predecessor. Now there is essentially only one type of nonparental care – center-based care – and on the parental side fathers take a more pivotal role in early childhood care. In...
Persistent link: https://www.econbiz.de/10011968655
This paper develops a new framework for empirical modelling of consumer demand with particular reference to products that are differentiated with respect to quality and location attributes. The point of departure is a flexible representation of the distribution of product attributes and consumer...
Persistent link: https://www.econbiz.de/10011967938
In this paper we discuss statistical inference associated with the theoretical model developed in Part I. Specifically, we demonstrate how the relationship between the distribution of prices and unit values can be exploited to estimate some of the structural parameters. These estimates are...
Persistent link: https://www.econbiz.de/10011967939
An important problem in the analysis of intertemporal choice processes is how to justify the choice of mathematical structure of the transition probabilities. A related and delicate identification problem is to separate the effect of unobserved variables from the influence on preferences from...
Persistent link: https://www.econbiz.de/10011967944
In recent years a growing number of studies have been discussing the relationship between air pollution and human health. The evidence in the literature for adverse health effects of several pol-lutants seems convincing. In our article we are concerned with to which extent these health effects...
Persistent link: https://www.econbiz.de/10011967969
This paper discusses the problem of specifying probabilistic models for choices (strategies) with uncertain outcomes. The point of departure is an extension of the axiom system of the von Neumann-Morgenstern Expected utility theory to the case when the preferences are stochastic. This extended...
Persistent link: https://www.econbiz.de/10011967993
In this paper we give simple proofs of identification results in discrete choice models for the case where neither the deterministic part nor the distribution function of the random parts of the utility function is specified parametrically. The regularity conditions imposed are standard, but...
Persistent link: https://www.econbiz.de/10011967994