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A seemingly unrelated Poisson regression model is proposed as an alternative to single equation Poisson models for joint estimation of revealed preference (RP) and contingent behaviour (CB) trip demand. Findings indicate that RP and CB data should be estimated jointly.
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Using information from on-line graded assignments in an intermediate microeconomics course, we find that non-procrastinators (both early-starters and front-loaders) obtain higher scores than their dillydallying counterparts. We also find that while busier students tend to start their assignments...
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Atemporal and intertemporal use of public lands, the determination of optimal levels of wilderness designation and habitat preservation, and the appropriate regulation of natural resources have all been "hot button" issues in the American West for quite some time now. In this paper, I propose...
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In this paper I focus on some important biological aspects of the forest management problem. I model a stochastically developing forest as a multidimensional, continuous-time Markov chain. Next, I pose three questions concerning the long-run characteristics of a stationary forest, the stochastic...
Persistent link: https://www.econbiz.de/10005525841
In a two-period model, economists such as K.J. Arrow, A.C. Fisher, and C. Henry, have shown that when development is both indivisible and irreversible, a developer who ignores the possibility of obtaining new information about the outcome of such development will invariably underestimate the...
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