Showing 1 - 10 of 24
This study develops practical methods for Bayesian nonparametric inference in regression models. The emphasis is on extending a nonparametric treatment of the regression function to the full conditional distribution. It applies these methods to the relationship of earnings of men in the United...
Persistent link: https://www.econbiz.de/10011108700
In recent years, major advances have taken place in three areas of random utility modeling: (1) semiparametric estimation, (2) computational methods for multinomial probit models, and (3) computational methods for Bayesian stimation. This paper summarizes these developments and discusses their...
Persistent link: https://www.econbiz.de/10011109965
This study develops practical methods for Bayesian nonparametric inference in regression models. The emphasis is on extending a nonparametric treatment of the regression function to the full conditional distribution. It applies these methods to the relationship of earnings of men in the United...
Persistent link: https://www.econbiz.de/10011110968
Our goal in this chapter is to explain concretely how to implement simulation methods in a very general class of models that are extremely useful in applied work: dynamic discrete choice models where one has available a panel of multinomial choice histories and partially observed payoffs....
Persistent link: https://www.econbiz.de/10011260171
We describe how to recursively simulate choice probabilities in the multiperiod multinomial probit model using the GHK algorithm. We also provide GAUSS code to implement the method.
Persistent link: https://www.econbiz.de/10011113345
This research studies the propensity of individuals to violate implications of expected utility maximization in allocating retirement savings within a compulsory de- �ned contribution retirement plan. The paper develops the implications and describes the construction and administration of a...
Persistent link: https://www.econbiz.de/10008866161
Much research sponsored by the Department of Agriculture's Food and Nutrition Service (FNS) has evaluated the effects of the Food Stamp Program (FSP) and other food and nutrition programs on outcomes of interest (e.g., dietary intake or food expenditures). Of course, the problem of...
Persistent link: https://www.econbiz.de/10011108367
The aim of this paper is to explore the links between brand equity, consumer learning and consumer choice processes in general, and considering two recent trends in the market place: store brands and the Internet. We first review the advances that have occurred in brand equity research in...
Persistent link: https://www.econbiz.de/10011108757
This paper describes how state-of-the-art methods of choice modeling can be used to analyze consumer choice behavior in "competitive" health insurance markets. I use the insurance choices of senior citizens in the U.S. as an example. I then consider the issue of whether consumers benefit when we...
Persistent link: https://www.econbiz.de/10011108799
Using Confidential Data on 1300 U.S.-based multinational corporations (MNCs), we examine whether MNCs that moved jobs out of Canada between 1983 and 2003 systematically moved the jobs elsewhere within the MNC. We also look at whether trends in the movement of jobs within MNCs differ for...
Persistent link: https://www.econbiz.de/10011109070