The main objective of this study is to estimate the price cap through which the parking service fares should be regulated in Bogota, by means of the theoretical guidelines of the transportation economic theory and under the price fixation criterion. The results of this analysis are evinced based...

This paper presents a stylized econometric model for the demand for on-street parking with focus on estimation of the elasticity of demand with respect to the full cost of parking. The full cost of parking consists of a parking fee and the cost of searching for a vacant parking space (cruising)....

The estimation of passenger car ownership is a crucial estimation for auto-related production and for the analysis of many transportation-related policies such as Green House Gas (GHG), emissions, and energy consumption policies. Previous studies of car ownership estimation have generally...

The estimation of passenger car ownership is a crucial estimation for auto-related production and for the analysis of many transportation-related policies such as Green House Gas (GHG), emissions, and energy consumption policies. Previous studies of car ownership estimation have generally...

This paper presents a regression procedure for inhomogeneous data characterized by varying variance, skewness and kurtosis or by an unequal amount of data over the estimation domain. The concept is based first on the estimation of the densities of an observed variable for given values of...

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...

I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused on three survey measures of expected inflation: the...

The study is focused on estimating the informal economy in Romania based on survey in households. Moreover, some specific dynamic models to simulate complicated types of household’s behaviour (regimes) relating to participation in informal economy are presented.