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Consumption surveys often record zero purchases of a good because of a short observation window. Only mean consumption rates can then be inferred. We show that propensity scores can be used to estimate each unit's consumption rate, revealing the distribution. We demonstrate the method using the...
Persistent link: https://www.econbiz.de/10012999031
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10013110862
. Using analytical and Monte Carlo techniques we examine the sensitivity of parameter identification to key features such as … that the interaction of transitory persistence with the time pattern of inequality determines identification in these …
Persistent link: https://www.econbiz.de/10013141764
-connected information sources, implying a pattern of "overshooting" beliefs. Additionally, in an experimental asset market, correlation …
Persistent link: https://www.econbiz.de/10013082140
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand …
Persistent link: https://www.econbiz.de/10013104681
This paper proposes a new strategy to identify causal effects. Instead of finding a conventional instrumental variable correlated with the treatment but not with the confounding effects, we propose an approach which employs an instrument correlated with the confounders, but which itself is not...
Persistent link: https://www.econbiz.de/10012859287
This paper aims to estimate the price and income elasticities of the demand for essential commodities in Cote d …), we analyse price effects on the demand for groups of commodities by exploiting a relationship between unit values and …
Persistent link: https://www.econbiz.de/10013128830
through two channels: the direct impact on the demand for healthcare and that due to selection into VHI. We find evidence of …
Persistent link: https://www.econbiz.de/10013120428
banking systems, however, there has been ongoing debate on the question of whether an uncovered demand for microlending …
Persistent link: https://www.econbiz.de/10013158049
own-price elasticity of quantity demand for soda of between −1.0 and −1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity … demand is just −0.2 to −0.3, so tax-induced soda price increases might cut average weights by less than one pound, which is …
Persistent link: https://www.econbiz.de/10012956015