Cluster-corrected standard errors are widely used but may sometimes be inappropriate since household surveys are increasingly geo-referenced. Compared with the appropriate spatial error models that use details on exact locations, cluster corrections impose untested restrictions on spatial...

We propose a three-step local polynomial procedure for a multivariate nonparametric regression in which the errors are autocorrelated. The proposed estimator uses all sample points to estimate m(x), the regression function evaluated at point x, but the contributions from all non-local points are...

Empirical studies use the total area as a measure of land factor. This measure is flawed as it ignores the effectiveness of that total area. We develop an estimator of effective area based on spatial population distribution. The empirical application for the OECD countries highlights the...

This paper argues that satisfaction data from surveys are biased by varying participant attitudes toward the interview itself. In this manner, interviewees in a German panel study report lower life satisfaction when there is evidence of transient influences like aversion. The empirical findings...

The current field study examines emotions, evoked by a fire disaster, and economic expectations of people who were exposed to a fire disaster in Israel. We find that negative emotions are correlated with expectations regarding the economic self-improvement, as well as expectations for national...

This note reflects on the key parameter of the popular logistic quantal-response equilibrium in order to set some common guidelines on its empirical interpretation. It is stressed that the estimated model must be in harmony with the experimental design, because the estimation results on mu prove...

While there has been much discussion of the role of liquidity in the recent financial crises, there has been little discussion of the use of macroeconomic aggregation techniques to measure total liquidity available to the market. In this paper, we provide an approximation of the liquidity...

Method of survey data collection, especially at household or personal interview, responders frequently answers extreme, because of their pre-assumption on questionnaire to get financial or food aid. This reduces data consistency and advances leverage that affects estimation procedure and...

The aim of this paper is to investigate the effects of institutional change on the evolution of the Italian bank branch distribution. As a consequence of the “liberalisation†of the late 1980s and early 1990s, banks were free to open new branches in their preferred locations, without...

Method of survey data collection, especially at household or personal interview, responders frequently answers extreme, because of their pre-assumption on questionnaire to get financial or food aid. This reduces data consistency and advances leverage that affects estimation procedure and...