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continuous distribution of parameter estimates using mixed logit models. The main focus is the conditional valuations in the form …
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interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that … estimated. -- Ordered probit model ; error components ; German Socio-Economic Panel …
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This study explicitly takes into account that the decision to enter into a cooperative R&D relationship is related to the antecedent decision to carry out R&D. This calls for a methodological approach that, at the same time, allows the joint analysis of the determinants of the two decisions and...
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whether delinquency has any predictive power of the future performance of a mortgage. Using a sample of subprime mortgages … from the loan performance database on securitized private-label pool collateral, we utilize a two-step estimation procedure … to control for the endogeneity of delinquency in an estimation of default and prepayment probabilities. We find strong …
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