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Global Sourcing of Complex Production Processes
Schwarz, Christian - 2010
We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the …
Persistent link: https://www.econbiz.de/10013136032
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The Identification and Economic Content of Ordered Choice Models with Stochastic Thresholds
Cunha, Flavio - 2008
This paper extends the widely used ordered choice model by introducing stochastic thresholds and interval-specific outcomes. The model can be interpreted as a generalization of the GAFT (MPH) framework for discrete duration data that jointly models durations and outcomes associated with...
Persistent link: https://www.econbiz.de/10012773457
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A Job Ladder Model with Stochastic Employment Opportunities
Bradley, Jake - 2018
We set up a model with on-the-job search in which firms infrequently post vacancies for which workers occasionally apply. The model nests the standard job ladder and stock-flow models as special cases while remaining analytically tractable and easy to estimate from standard panel data sets....
Persistent link: https://www.econbiz.de/10012911194
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Stochastic Complementarity
Manzini, Paola - 2018
The Hicksian definition of complementarity and substitutability may not apply in contexts in which agents are not utility maximisers or where price or income variations, whether implicit or explicit, are not available. We look for tools to identify complementarity and substitutability satisfying...
Persistent link: https://www.econbiz.de/10012928499
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Testing for Restricted Stochastic Dominance
Davidson, Russell; Duclos, Jean-Yves - 2006
Asymptotic and bootstrap tests are studied for testing whether there is a relation of stochastic dominance between two distributions. These tests have a null hypothesis of nondominance, with the advantage that, if this null is rejected, then all that is left is dominance. This also leads us to...
Persistent link: https://www.econbiz.de/10014059083
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Testing for Nonparametric Identification of Causal Effects in the Presence of a Quasi-Instrument
de Luna, Xavier - 2012
power. We perform a simulation study and apply the results to a case study where the interest lies in evaluating the effect …
Persistent link: https://www.econbiz.de/10013104053
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Equilibrium Simulation with Microeconometric Models : A New Procedure with an Application to Income Support Policies
Colombino, Ugo - 2012
-time jobs). The most common use of these models is the simulation of tax-transfer reforms. The simulation is usually interpreted … simulation procedure, however, typically keeps fixed the estimated alternative-specific constants. In this note we argue that …-specific constants leads to the development of a simulation procedure consistent with the comparative statics interpretation. The …
Persistent link: https://www.econbiz.de/10013104073
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Accounting for Family Background When Designing Optimal Income Taxes : A Microeconometric Simulation Analysis
Aaberge, Rolf - 2009
The purpose of this paper is to introduce and adopt a generalised version of Roemer's (1998) Equality of Opportunity (EOp) framework, which we call extended EOp, for analysing second-best optimal income taxation. Unlike the pure EOp criterion of Roemer (1998) the extended EOp criterion allows...
Persistent link: https://www.econbiz.de/10013153308
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Mostly Harmless Simulations? On the Internal Validity of Empirical Monte Carlo Studies
Advani, Arun - 2018
Currently there is little practical advice on which treatment effect estimator to use when trying to adjust for observable differences. A recent suggestion is to compare the performance of estimators in simulations that somehow mimic the empirical context. Two ways to run such 'empirical Monte...
Persistent link: https://www.econbiz.de/10012938144
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Structural Labour Supply Models and Microsimulation
Aaberge, Rolf - 2018
models for policy simulation in terms of producing and interpreting simulation outcomes, outlining an extensive literature of …
Persistent link: https://www.econbiz.de/10012917091