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Insurance, Entrepreneurial Start-Up, and Performance
Ejrnæs, Mette; Hochguertel, Stefan - 2014
Availability of (partial) insurance mechanisms is arguably important for the decision of (riskaverse) workers to start up a risky entrepreneurial venture. Using administrative data from Denmark, where unemployment insurance (UI) is available to both wage earners and self-employed on a voluntary...
Persistent link: https://www.econbiz.de/10010377222
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Commuters' Preferences for Fast and Reliable Travel
Koster, Paul; Koster, Hans - 2013
observed and unobserved heterogeneity in the value of travel time and reliability. Using data from a stated choice experiment …, we show that there is substantial heterogeneity in the willingness to pay for fast and reliable travel. About 5 …-25 percent of the heterogeneity in the value of time and reliability is attributable to observed characteristics of individuals …
Persistent link: https://www.econbiz.de/10010326301
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Heterogeneous variable selection in nonlinear panel data models: A semiparametric Bayesian approach
Castelein, Anoek; Fok, Dennis; Paap, Richard - 2020
method additionally allows for other forms of cross-sectional heterogeneity. We consider a two-group approach for the model … from a Dirichlet process (DP) mixture of multivariate normals (other cross-sectional heterogeneity). We develop our …-normality of the continuous heterogeneity leads to an improved in-sample and out-of-sample performance and interesting insights …
Persistent link: https://www.econbiz.de/10012427161
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A multinomial and rank-ordered logit model with inter- and intra-individual heteroscedasticity
Castelein, Anoek; Fok, Dennis; Paap, Richard - 2020
The heteroscedastic logit model is useful to describe choices of individuals when the randomness in the choice-making varies over time. For example, during surveys individuals may become fatigued and start responding more randomly to questions as the survey proceeds. Or when completing a ranking...
Persistent link: https://www.econbiz.de/10012427169
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On the Practice of Bayesian Inference in Basic Economic Time Series Models using Gibbs Sampling
de Pooter, Michiel D.; Segers, René; van Dijk, Herman K. - 2006
Several lessons learned from a Bayesian analysis of basic economic time series models by means of the Gibbs sampling algorithm are presented. Models include the Cochrane-Orcutt model for serial correlation, the Koyck distributed lag model, the Unit Root model, the Instrumental Variables model...
Persistent link: https://www.econbiz.de/10010325199
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Judging Contending Estimators by Simulation: Tournaments in Dynamic Panel Data Models
Kiviet, Jan F. - 2005
An attempt is made to set rules for a fair and fruitful competition between alternative inference methods based on their performance in simulation experiments. This leads to a list of eight methodologic aspirations. Against their background we criticize aspects of many simulation studies that...
Persistent link: https://www.econbiz.de/10010325355
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Time-varying effects of housing attributes and economic environment on housing prices
Friedrich, Marina; Lin, Yicong; Ramdaras, Pavitram; … - 2023
We propose a flexible framework that allows for the relationship between housing prices and their determinants to vary over time. Our model incorporates housing-specific characteristics and macroeconomic variables, while accounting for a gradual global trend that reflects the unobserved external...
Persistent link: https://www.econbiz.de/10014321812
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A Dynamic Bivariate Poisson Model for Analysing and Forecasting Match Results in the English Premier League
Koopman, Siem Jan; Lit, Rutger - 2012
Attack and defense strengths of football teams vary over time due to changes in the teams of players or their managers. We develop a statistical model for the analysis and forecasting of football match results which are assumed to come from a bivariate Poisson distribution with intensity...
Persistent link: https://www.econbiz.de/10010326498
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The economics of participatory value evaluation
Dekker, Thijs; Koster, Paul; Mouter, Niek - 2019
This paper develops a novel approach to the economic evaluation of public policies: participatory value evaluation (PVE). PVE involves citizens directly in decisions of the government, taking into account governmental and individual budget constraints. Citizens receive reliable information on...
Persistent link: https://www.econbiz.de/10012114761
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Non-take-up of Tax-favored Savings Plans: Are Household Portfolios Optimal?
Alessie, Rob; Hochguertel, Stefan; van Soest, Arthur - 2001
Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer-sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this planare tax-deductible, and the returns as well as the withdrawals are...
Persistent link: https://www.econbiz.de/10010324947