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A multinomial and rank-ordered logit model with inter- and intraindividual heteroscedasticity

Castelein, Anoek; Fok, Dennis; Paap, Richard - 2020

The heteroscedastic logit model is useful to describe choices of individuals when the randomness in the choice-making varies over time. For example, during surveys individuals may become fatigued and start responding more randomly to questions as the survey proceeds. Or when completing a ranking...

Persistent link: https://www.econbiz.de/10012427691

Does growing up in economic hard times increase compassion? : the case of attitudes towards immigration

Cotofan, Maria; Dur, Robert A. J.; Meier, Stephan - 2022

Recent evidence shows that people who grew up in economic hard times more strongly favor government redistribution and are more compassionate towards the poor. We investigate how inclusive this increase in compassion is by studying how macroeconomic conditions experienced during young adulthood...

Persistent link: https://www.econbiz.de/10013332729

Robot cars and dynamic bottleneck congestion : the effects on capacity, value of time and preference heterogeneity

Berg, Vincent A. C. van den; Verhoef, Erik T. - 2015 - This version: 9 June 2015

"Robot cars" are cars that allow for automated driving. They can drive closer together than human driven "normal cars" and thereby raise road capacity. Obtaining a robot car instead of a normal car can also be expected to lower the userś value of time losses (VOT), because travel time can be...

Persistent link: https://www.econbiz.de/10010532595

Combining micro and macro unemployment duration data

Berg, Gerard J. van den; Klaauw, Bas van der - 1998

We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the total inflow into unemployment. We estimate the...

Persistent link: https://www.econbiz.de/10011299970

Continuous beliefs dynamics

Diks, Cees G. H.; Weide, Roy van der - 2002

updated using a continuous choice model. Thisapproach gives rise to price dynamics in which the beliefsdistribution evolves …

Persistent link: https://www.econbiz.de/10011333278

Herding, a-synchronous updating and heterogeneity in memory in a CBS

Diks, Cees G. H.; Weide, Roy van der - 2003

This paper considers a simple Continuous Beliefs System (CBS) toinvestigate the effects on price dynamics of several … behavioralassumptions: (i) herd behaviour; (ii) a-synchronous updating ofbeliefs; and (iii) heterogeneity in time horizons (memory … explicit nature of the dynamics of the CBS we show that the introduction of herding modifies the random walk to an ARIMA($0 …

Persistent link: https://www.econbiz.de/10011334332

Heterogeneity as a natural source of randomness

Diks, Cees G. H.; Weide, Roy van der - 2003

beliefs among agents is updated using a continuous choice model. This leads to price dynamics in which the beliefs … random utility framework, heterogeneity can be seen to act as a 'natural source of randomness'. Allowing for modeling the … dynamics explicitly, our framework gives rise to a random dynamical system (RDS), the stochastic properties of which are …

Persistent link: https://www.econbiz.de/10011334360

One-way flow networks : the role of heterogeneity

Galeotti, Andrea - 2004

I study a one-way flow connections model in which players are heterogeneous with respect to values and the costs of establishing a link. I first show that values and costs asymmetries are crucial in determining the level of connectedness of a network. Interestingly, unconnected equilibria are...

Persistent link: https://www.econbiz.de/10011334833

The effect of search frictions on wages

Berg, Gerard J. van den; Vuuren, Aico van - 2005

Labor market theories allowing for search frictions make marked predictions on the effect of the degree of frictions on wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested. We perform tests with matched worker-firm data. The...

Persistent link: https://www.econbiz.de/10011349215

Network formation with heterogeneous players

Galeotti, Andrea; Goyal, Sanjeev - 2002

This paper studies network formation in settings where players are heterogeneous with respect to benefits as well as the costs of forming links. Our results demonstrate that centrality, center-sponsorship and short network diameter are robust features of equilibrium networks. We find that in a...

Persistent link: https://www.econbiz.de/10011326943

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