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Revealed Preference and Time Series Analyses of U.S. Macroeconomic Aggregates

Maia Filho, Luiz Flavio - 2004

conclusions on the overall GARP-consistency of data and on weak separability of particular aggregates are affected by the … significant losses of information about the dynamic behavior of higher-frequency data. The power of the GARP test in datasets of … power of the GARP test. Finally, we apply Varian's tools to study for the first time a dataset including the value of …

Persistent link: https://www.econbiz.de/10009431210

Contributions to Intertemporal Models in Financial Economics

Gopalan, Ramu - 2008

Investors in financial markets face several restrictions apart from wealth constraints. The first attempt to understand these restrictions in a general competitive equilibrium framework can be traced back to Radner (1972). Here these restrictions are assumed to be given exogenously, as first...

Persistent link: https://www.econbiz.de/10009430929

Developing a passenger mode choice model for Brisbane using the South East Queensland travel surveys

Khan, Omer A.; Kruger, Jason; Trivedi, Tejas - 2007

This paper presents the methodology used in developing a fully-functional mode choice module capability to be incorporated into the Brisbane Strategic Transport Model (BSTM); capable of estimating mode shares in a multi-modal travel environment. The new mode choice module consists of unique...

Persistent link: https://www.econbiz.de/10009437745

What's the Use? Welfare Estimates from Revealed Preference Models when Weak Complementarity does not Hold

Herriges, Joseph A.; Kling, Catherine L.; Phaneuf, Daniel J. - 2000

The focal point of the revealed preference (RP) valuation literature, including recreation demand and random utility maximization (RUM) models, has been on eliciting the use value associated with environmental amenities; i.e., that portion of value associated with direct use of a resource....

Persistent link: https://www.econbiz.de/10009443101

Hedonic Valuation of Sportfishing Harvest

Carter, David W.; Liese, Christopher - 2010

A hedonic valuation strategy is introduced to estimate the marginal value of sportfishing harvest. The strategy uses market prices, thereby avoiding some of the measurement problems associated with the constructed or proxy prices used in common valuation methods. A charter fee hedonic equation...

Persistent link: https://www.econbiz.de/10009444584

Spanish Wine Consumer Behaviour: A Stated and Revealed Preferences Analysis

Nadhem, Mtimet; Miguel, Albisu Luis - 2007

Overall wine consumption in Spain is decreasing while, at the same time,Designation of Origin (DO) wine consumption is increasing gradually. This studyexamines Spanish DO wine consumer behaviour through stated preferences (SP) andrevealed preferences (RP) data. Part-worth utilities are...

Persistent link: https://www.econbiz.de/10009445011

Valuing Beach Access and Width with Revealed and Stated Preference Data

Whitehead, John C.; Dumas, Christopher F.; Herstine, Jim; … - 2008

In this article we present results from a study of recreation demandfor southern North Carolina beaches. We combine revealed preference andstated preference data in order to estimate the changes in recreation demandthat might occur with beach nourishment and parking improvements necessaryto...

Persistent link: https://www.econbiz.de/10009446444

What Do Property Values Really Tell Us? Evidence From Revealed and Stated Preference Studies

Guignet, Dennis - 2011

In the absence of markets for environmental quality, researchers resort to stated and revealed preference techniques to estimate the benefits of environmental programs. One of the most widely used revealed preference approaches is hedonic property value models, where the value of an...

Persistent link: https://www.econbiz.de/10009450652

Bankruptcy and Transaction Costs in General Financial Models

Hoelle, Matthew - 2010

General financial models have become workhorse models in the fields of macroeconomics and finance. These models have been developed and extensively studied by general equilibrium theorists. What makes them so applicable for macroeconomics and finance is the well accepted fact that models with a...

Persistent link: https://www.econbiz.de/10009439043

Financial Leverage and the Leverage Effect - A Market and Firm Analysis

Aydemir, A. Cevdet; Gallmeyer, Michael; Hollifield, Burton - 2007

We quantify the effect of financial leverage on stock return volatility in a dynamic general equilibrium economy with debt and equity claims. The effect of financial leverage is studied both at a market and a firm level where the firm is exposed to both idiosyncratic and market risk. In a...

Persistent link: https://www.econbiz.de/10009441057