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This paper applies a geo-additive generalized linear mixed model to describe the spatial variation in the prevalence of cough among children under 5 years of age using the 2000 Demographic and Health survey (DHS) data from Malawi. Of particular interest in the analysis were the small area effect...
Persistent link: https://www.econbiz.de/10009469004
We consider two competing financial state space models and investigate whether additional information in the form of option price data is helpful to the estimation of either the unobservable state variable (volatility) or the unknown parameters in the model. The complete discussion of the...
Persistent link: https://www.econbiz.de/10009469110
Since the implementation of the open-door policy in China, many Hong Kong-based manufacturers' production lines have moved to China to take advantage of the lower production cost, lower wages, and lower rental costs, and thus, the finished products must be transported from China to Hong Kong. It...
Persistent link: https://www.econbiz.de/10009458105
Financial modelling in the area of option pricing involves the understanding of the correlations between asset and movements of buy/sell in order to reduce risk in investment. Such activities depend on financial analysis tools being available to the trader with which he can make rapid and...
Persistent link: https://www.econbiz.de/10009467312
Successful integrated pest management (IPM) control programmes depend on many factors which include host-parasitoid ratios, starting densities, timings of parasitoid releases, dosages and timings of insecticide applications and levels of host-feeding and parasitism. Mathematical models can help...
Persistent link: https://www.econbiz.de/10009467337
This article concerns an investigation of the full scale evacuation of a building with a configuration similar to that of the World Trade Center (WTC) North Tower using computer simulation. A range of evacuation scenarios is explored in order to better understand the evacuation of the WTC on 11...
Persistent link: https://www.econbiz.de/10009467352
The general aim of a contingent valuation survey is to elicit the willingness to pay (WTP) of respondents for some (public) commodity without a clear market price. This could be a program to protect some environmental resource or, as in our application, the access to a recreational area of...
Persistent link: https://www.econbiz.de/10009468815
The aim of this paper is to investigate the properties of stochastic volatility models, and to discuss to what extent, and with regard to which models, properties of the classical exponential Brownian motion model carry over to a stochastic volatility setting. The properties of the classical...
Persistent link: https://www.econbiz.de/10009468831
Particle filters are regularly used to obtain the filter distributions associated with state-space financial time series. The most common use today is the auxiliary particle filter (APF) method in conjunction with a first-order Taylor expansion of the log-likelihood. We argue that for series...
Persistent link: https://www.econbiz.de/10009468844
We introduce a model of a local public goods economy with a continuum of agents and jurisdictions with finite but unbounded populations, where the set of possible projects for each jurisdiction/club is unrestricted in size. Under boundedness of per capita payoffs, which simply ensures that equal...
Persistent link: https://www.econbiz.de/10009468854