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The Relatve Influence of Advice from Human Experts and Statistical Methods on Forecast Adjustments

Önkal, Dilek; Goodwin, Paul; Thomson, Mary E.; … - 2009

Decision makers and forecasters often receive advice from different sources including human experts and statistical methods. This research examines, in the context of stock price forecasting, how the apparent source of the advice affects the attention that is paid to it when the mode of delivery...

Persistent link: https://www.econbiz.de/10009435325

Analysing nominal data from a panel survey: Employment transitions of Australian women

Haynes, Michele; Western, Mark; Yu, Laurel; Spallek, Melanie - 2008

Many processes of interest in social science research are recorded as nominal variables with two or more categories such as employment status, occupation, political preference and self-reported health status. With panel data it is possible to analyse the transitions of individuals between...

Persistent link: https://www.econbiz.de/10009448523

Variational Bayesian analysis for hidden Markov models

McGrory, Clare A.; Titterington, D. M. - 2009

The variational approach to Bayesian inference enables simultaneous estimation of model parameters and model complexity. An interesting feature of this approach is that it also leads to an automatic choice of model complexity. Empirical results from the analysis of hidden Markov models with...

Persistent link: https://www.econbiz.de/10009483221

Análisis de los riesgos sistémicos cíclicos en España y de su mitigación mediante requerimientos de capital bancario contracíclicos

Estrada, Ángel; Pérez Montes, Carlos; Abad, Jorge; …

This paper first identifies the level of cyclical systemic risks in Spain, also calibrating their impact on the solvency of the banking system, and, second, assesses the costs and benefits of the countercyclical use of capital requirements. The first part of the paper is based on an integrated...

Persistent link: https://www.econbiz.de/10014573595

Analysis of cyclical systemic risks in spain and of their mitigation through countercyclical bank capital requirements

Estrada, Ángel; Pérez Montes, Carlos; Abad, Jorge; …

Este documento presenta un conjunto amplio de análisis para, en primer lugar, identificar el nivel de los riesgos sistémicos cíclicos en España y calibrar su impacto sobre la solvencia del sistema bancario y, adicionalmente, valorar los costes y beneficios del uso contracíclico de los...

Persistent link: https://www.econbiz.de/10014573644

Testing for Consistency in Tourists' Willingness to Pay for New Nature Reserves in the Gulf of Morbihan (France)

Voltaire, Louinord; Nassiri, Abdelhak; Bailly, Denis; … - 2011

In this paper, we develop an empirical test of consistency in contingent willingness topay (WTP) responses, which is based on the following a priori expectation. In economics,when an individual considers paying for public goods, his decision to pay, and his WTP arebased on utility-maximising...

Persistent link: https://www.econbiz.de/10009442761

Does Duality Theory Hold in Practice? A Monte Carlo Analysis for U.S. Agriculture

Rosas, Francisco; Lence, Sergio H. - 2011

The Neoclassical theory of production establishes a dual relationship between the profit value function of a competitive firm and its underlying production technology. This relationship, usually referred to as the duality theory, has been widely used in empirical work to estimate production...

Persistent link: https://www.econbiz.de/10009444351

Do Fertilizer Subsidies Affect the Demand for Commercial Fertilizer? An Example from Malawi

Ricker-Gilbert, Jacob; Jayne, Thomas S. - 2009

function approach to deal with endogeneity of subsidized fertilizer in a commercial fertilizer demand equation. Our results …

Persistent link: https://www.econbiz.de/10009444833

Does Economic Endogeneity of Site Facilities in Recreation Demand Models Lead to Statistical Endogeneity?

Chen, Min - 2009

recreation sites. Although some kinds of endogeneity problems have been studied in previous literature, no study has addressed … recreation site improvements are more likely to occur at the more popular sites, then this economic endogeneity might cause … under what situations this economic endogeneity will lead to statistical endogeneity. …

Persistent link: https://www.econbiz.de/10009446505

Understanding the relationship between founder-CEOs and firm performance

Adams, Renee; Heitor, Almeida; Ferreira, Daniel - 2009

We use instrumental variables methods to disentangle the effect of founder–CEOs on performance from the effect of performance on founder–CEO status. Our instruments for founder–CEO status are the proportion of the firm's founders that are dead and the number of people who founded the...

Persistent link: https://www.econbiz.de/10009448159