Similar Search Results

A flexible sample selection model : a GTL-copula approach

Hasebe, Takuya; Vijverberg, Wim P. M. - 2012

bivariate distribution. The versatility arising from inserting GTL marginal distributions into copula-constructed bivariate … expenditures to speeding tickets and international disputes illustrate the value of the proposed GTL-copula estimator. -- sample … selection ; copula ; Generalized Tukey Lambda distribution …

Persistent link: https://www.econbiz.de/10009665514

Modelling the joint distribution of income and wealth

Jäntti, Markus; Sierminska, Eva; Van Kerm, Philippe - 2015

This paper considers a parametric model for the joint distribution of income and wealth. The model is used to analyze income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence parameter between the two variables and study whether...

Persistent link: https://www.econbiz.de/10011295514

Opinion copulas, homophily and multimodal marginals

Askitas, Nikos - 2017

An empirically founded and widely established driving force in opinion dynamics is homophily i.e. the tendency of "birds of a feather" to "flock together". The closer our opinions are the more likely it is that we will interact and converge. Models using these assumptions are called bounded...

Persistent link: https://www.econbiz.de/10011647658

Modelling volatilities and conditional correlations in futures markets with a multivariate t distribution

Pesaran, Bahram (contributor); … - 2007

This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by Engle (2002), and suggests the use of devolatized returns computed as returns standardized by realized volatilities rather than by GARCH type volatility estimates. The t-DCC...

Persistent link: https://www.econbiz.de/10003586562

A new continuous distribution and two new families of distributions based on the exponential

Jasso, Guillermina (contributor); Kotz, Samuel (contributor) - 2007

"Recent work on social status led to derivation of a new continuous distribution based on the exponential. The new variate, termed the ring(2)-exponential, in turn leads to derivation of two closely-related new families of continuous distributions, which we call the mirror-exponential and the...

Persistent link: https://www.econbiz.de/10003449489

Moving the goalposts : addressing limited overlap in estimation of average treatment effects by changing the estimand

Crump, Richard K.; Hotz, Vincent Joseph; Imbens, Guido; … - 2006

Estimation of average treatment effects under unconfoundedness or exogenous treatment assignment is often hampered by lack of overlap in the covariate distributions. This lack of overlap can lead to imprecise estimates and can make commonly used estimators sensitive to the choice of...

Persistent link: https://www.econbiz.de/10003474186

Misspecification testing in a class of conditional distributional models

Rothe, Christoph; Wied, Dominik - 2012

We propose a specification test for a wide range of parametric models for the conditional distribution function of an outcome variable given a vector of covariates. The test is based on the Cramer-von Mises distance between an unrestricted estimate of the joint distribution function of the data,...

Persistent link: https://www.econbiz.de/10009531435

Decomposing the composition effect

Rothe, Christoph - 2012

This paper proposes a decomposition of the composition effect, i.e. the part of the observed between-group difference in the distribution of some economic outcome that can be explained by differences in the distribution of covariates. Our decomposition contains three types of components: (i) the...

Persistent link: https://www.econbiz.de/10009533336

The pan-European population distribution across consistently defined functional urban areas

Schmidheiny, Kurt; Südekum, Jens - 2015

We analyze the first data set on consistently defined functional urban areas in Europe and compare the European to the US urban system. City sizes in Europe do not follow a power law: the largest cities are "too small" to follow Zipf's law.

Persistent link: https://www.econbiz.de/10010515821

Partial distributional policy effects

Rothe, Christoph - 2011

In this paper, we propose a method to evaluate the effect of a counterfactual change in the unconditional distribution of a single covariate on the unconditional distribution of an outcome variable of interest. Both fixed and infinitesimal changes are considered. We show that such effects are...

Persistent link: https://www.econbiz.de/10009516876

1
2
3
4
5
6
7
8
9
10
Next
Last