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employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …
Persistent link: https://www.econbiz.de/10003821585
economics. With increased computation power and advanced simulation techniques, random-coefficient models have gained an … have a known distribution. -- willingness-to-pay ; discrete choice ; simulation ; random-coefficient models … WTP values from estimated random-coefficient models and shows how these values can be simulated in cases where they do not …
Persistent link: https://www.econbiz.de/10003900948
methodological approach employed is based on a Monte-Carlo simulation and allows for improving the information the composite …
Persistent link: https://www.econbiz.de/10014304098
This paper deals with the identification of treatment effects when the outcome variable is ordered. If outcomes are measured ordinally, previously developed methods to investigate the impact of an endogenous binary regressor on average outcomes cannot be applied as the expectation of an ordered...
Persistent link: https://www.econbiz.de/10003892435
In this paper, preferences for income redistribution in Switzerland are elicited through a Discrete Choice Experiment (DCE) performed in 2008. In addition to the amount of redistribution as a share of GDP, attributes also included its uses (working poor, the unemployed, old-age pensioners,...
Persistent link: https://www.econbiz.de/10003900781
The credibility of standard instrumental variables assumptions is often under dispute. This paper imposes weak monotonicity in order to gain information on counterfactual outcomes, but avoids independence or exclusion restrictions. The outcome process is assumed to be sequentially ordered,...
Persistent link: https://www.econbiz.de/10008695625
Due to the mixed empirical evidence bearing on the economic determinants, beliefs have been at the center of attention of research into preferences for income redistribution. We elicit preferences for income redistribution through a Discrete Choice Experiment performed in 2008 in Switzerland and...
Persistent link: https://www.econbiz.de/10008695996
The sustainability of the welfare state ultimately depends on citizens’ preferences for income redistribution. They are elicited through a Discrete Choice Experiment performed in 2008 in Switzerland. Attributes are redistribution as GDP share, its uses (the unemployed, old-age pensioners,...
Persistent link: https://www.econbiz.de/10008696029
This study adopts a discrete choice modelling methodology to evaluate individuals' preferences over planning alternatives for an urban site of environmental interest. Since such projects involve some uncertainty and irreversibility, a special attention is devoted to the estimation of the...
Persistent link: https://www.econbiz.de/10008780590
The security of natural gas supply is an important issue for all EU countries due to the region's heavy dependence on imported supply sources and in light of energy demand for gas that is continuously increasing. Discussions have emphasised strategies for securing the supply at the macro level,...
Persistent link: https://www.econbiz.de/10009234647