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Many empirical studies challenged the parametric approach to estimate nonlinear house price models and to use instead nonparametric or semiparametric model specifications. In the area of environmental analysis using house price models, Stock (1991) and McMillen and Thorsen (2000) applied...
Persistent link: https://www.econbiz.de/10009442891
The seasonal irrigation water demand under uncertainty, which lies at the core of this paper, is still very roughly known. We know, however, that irrigated agriculture accounts for a large proportion of water use, especially in many water-scarce areas. In this paper, we estimate the irrigation...
Persistent link: https://www.econbiz.de/10009443558
The estimation of conditional probability distribution functions (PDFs) in a kernel nonparametric framework has recently received attention. As emphasized by Hall, Racine and Li (2004), these conditional PDFs are extremely useful for a range of tasks including modelling and predicting consumer...
Persistent link: https://www.econbiz.de/10009444705
Both industry and firm characteristics influence the survival of a firm in an industryover time. Aging, size, structure are factors often discussed in the literature, but publicintervention effects - through public quality labeling for example - may also have aneffect that is examined here. We...
Persistent link: https://www.econbiz.de/10009479520
The encompassing principle has been carefully and precisely defined in various contexts, since its first appearance in the 1980s literature in numerous papers by Hendry, Mizon and Richard. Since then, several distinct notions of encompassing have been proposed and still coexist in the...
Persistent link: https://www.econbiz.de/10009458324