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Semiparametric identification in panel data discrete response models
Aristodemou, Eleni - 2018
This paper studies semiparametric identification in linear index discrete response panel data models with fixed effects …. Departing from the classic binary response static panel data model, this paper examines identification in the binary response … dynamic panel data model and the ordered response static panel data model. It is shown that under mild distributional …
Persistent link: https://www.econbiz.de/10011895610
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The weak instrument problem of the system GMM estimator in dynamic panel data models
Bun, Maurice J. G.; Windmeijer, Frank - 2009
The system GMM estimator for dynamic panel data models combines moment conditions for the model in first differences … model in terms of bias and root mean squared error. However, we show in this paper that in the covariance stationary panel … results are shown to extend to the panel data GMM estimators. …
Persistent link: https://www.econbiz.de/10011379149
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Nearly unbiased estimationin dynamic panel data models
Carree, Martin Anthony - 2002
dynamic panel data models. The estimators are (nearly) unbiased andperform satisfactorily even for small samples in either the …
Persistent link: https://www.econbiz.de/10011325971
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"Let me dream on!" : anticipatory emotions and preference for timing in lotteries
Kocher, Martin; Krawczyk, Michal; Winden, Frans A. A. M. van - 2009 - This version: September 2009
We analyze one of the explanations why people participate in lotteries. Our hypothesis stipulates that part of the value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope. In other words, a person holding a lottery ticket may...
Persistent link: https://www.econbiz.de/10011379382
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Inconsistent and lexicographic choices in stated preference analysis
Rouwendal, Jan; Blaeij, Adriana Tanneke de - 2004
In stated choice (SC) data inconsistent and lexicographic choice behavior is often observed. It is sometimes recommended to remove data with these characteristics from the analysis. In this paper we reconsider this recommendation. In our data many respondents have inconsistent choice patterns,...
Persistent link: https://www.econbiz.de/10011335227
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Subjective questions to measure welfare and well-being
Ferrer-i-Carbonell, Ada - 2002
This paper provides arguments in favor of using subjective questions as a proxy to measure welfare and well-being. This approach makes it possible to avoid having to define welfare and well-being means and having to identify the relevant indicators. Instead, individuals themselves define their...
Persistent link: https://www.econbiz.de/10011326409
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Income and well-being
Ferrer-i-Carbonell, Ada - 2002
life as a measure of individual well-being. The data come from a large German panel known as GSOEP. The study concludes …
Persistent link: https://www.econbiz.de/10011326410
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Welfare effects of distortionary tax incentives under preference heterogeneity : an application to employer-provided electric cars
Dimitropoulos, Alexandros; Ommeren, Jos van; Koster, Paul; … - 2014
This paper presents an approach for the estimation of welfare effects of tax policy changes under heterogeneity in consumer preferences. The approach is applied to evaluate the welfare effects of current tax advantages for electric vehicles supplied as fringe benefits by employers. Drawing on...
Persistent link: https://www.econbiz.de/10010358445
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Probabilistic choice and congestion pricing with heterogeneous travellers and price-sensitive demand
Koster, Paul; Verhoef, Erik T.; Shepherd, Simon; … - 2014
This paper deals with first-best and second-best congestion pricing of a stylised two-link network with probabilistic route choice of travellers. Travellers may have heterogeneous values of travel times and may differ in their idiosyncratic route preferences. We derive first-best and second-best...
Persistent link: https://www.econbiz.de/10010370658
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Does risk seeking drive asset prices? : A stochastic dominance analysis of aggregate investor preferences
Post, Thierry; Levy, Haim - 2002
Persistent link: https://www.econbiz.de/10001689309