Similar Search Results

Non-parametric Engel curves and revealed preference

Blundell, Richard W.; Browning, Martin James; Crawford, Ian - 2001 - Revised May 2001

This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge … which to examine the consistency of household level data and revealed preference theory. An application is made to a long … revealed preference theory is examined. For periods of consistency with revealed preference, tight bounds are placed on true …

Persistent link: https://www.econbiz.de/10011537533

Estimation in dynamic panel data models : improving on the performance of the standard GMM estimator

Blundell, Richard W.; Bond, Stephen; Windmeijer, Frank - 2000

This chapter reviews developments to improve on the poor performance of the standard GMM estimator for highly autoregressive panel series. It considers the use of the system GMM estimator that relies on relatively mild restrictions on the initial condition process. This system GMM estimator...

Persistent link: https://www.econbiz.de/10011537713

GMM estimation with persistent panel data : an application to production functions

Blundell, Richard W.; Bond, Stephen - 1999

We consider the estimation of Cobb-Douglas production functions using panel data covering a large sample of companies observed for a small number of time periods. Standard GMM estimators, which eliminate unobserved firm-specific e¤ects by taking first differences, have been found to produce...

Persistent link: https://www.econbiz.de/10011538404

The generalized Roy model and the cost-benefit analysis of social programs

Eisenhauer, Philipp; Heckman, James J.; Vytlacil, Edward - 2014

The literature on treatment effects focuses on gross benefits from program participation. We extend this literature by developing conditions under which it is possible to identify parameters measuring the cost and net surplus from program participation. Using the generalized Roy model, we...

Persistent link: https://www.econbiz.de/10010424826

Estimation of dynamic discrete choice models by maximum likelihood and the simulated method of moments

Eisenhauer, Philipp; Heckman, James J. - 2014

We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...

Persistent link: https://www.econbiz.de/10010424834

Collective labour supply with children

Chiappori, Pierre-André (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001660795

Collective labor supply heterogeneity and nonparticipation

Blundell, Richard W. (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001603076