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Quality Adjustment for Spatially-Delineated Public Goods: Theory and Application to Cost-of-Living Indices in Los Angeles
Banzhaf, H. Spencer - 2002
This paper illustrates how public goods may be incorporated into a cost-of-living index. When public goods are weak complements to a market good, quality-adjusted prices for the market good capture all the welfare information required. They are also consistent with a Laspeyres index that...
Persistent link: https://www.econbiz.de/10009445436
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Durable Goods, Price Indexes, and Monetary Policy
Jansen, Dennis (contributor) - 2008
The dissertation studies the relationship among durable goods, price indexes andmonetary policy in two sticky-price models with durable goods. One is a one-sectormodel with only durable goods and the other is a two-sector model with durable andnon-durable goods.In the models with durable goods,...
Persistent link: https://www.econbiz.de/10009465186
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Modelling spatially correlated error structures in the time-space extrapolation of purchasing power parities
Rambaldi, Alicia N.; Rao, D. S. Prasada; Ganegodage, K. … - 2010
This book deals with the currently most relevant topics in price index numbers theory and practice. The problem of the … international comparisons of macroeconomic aggregates, a re-consideration of index numbers theory, the measurement of production in …
Persistent link: https://www.econbiz.de/10009448528
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On a method of calculating regional price differentials with illustrative evidence from India
Coondoo, D; Majumder, A; Ray, Ranjan - 2001
Introduction: The measurement of regional differences in consumer price levels is important to policy makers in business, government and academics as well as to individual citizens faced with decisions on where to live. Estimates of the magnitude of regional price differences are needed in...
Persistent link: https://www.econbiz.de/10009451698
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Causal Inference with Two-Stage Logistic Regression - Accuracy, Precision, and Application
Cai, Bing - 2010
2SPS and 2SRI for logistic binary outcomes have not been thoroughly studied. We study the bias and variance properties … trial. We first present closed form expressions of asymptotic bias for the causal odds ratio from both 2SPS and 2SRI … approaches. Our closed form bias results show that the 2SPS logistic regression generates asymptotically biased estimates of this …
Persistent link: https://www.econbiz.de/10009439053
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Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions
DeKay, Michael L.; Patiño-Echeverri, Dalia; Fischbeck, … - 2005
alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …
Persistent link: https://www.econbiz.de/10009441242
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Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions
DeKay, Michael L.; Patino-Echeverri, Dalia; Fischbeck, … - 2008
alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …
Persistent link: https://www.econbiz.de/10009441300
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Open-Access Fishery Models: Relaxing a Constraint and Removing an Econometric Obstacle
Gomersall, C. Nicholas - 1992
Over the past 30 years, a widely accepted model of "open-access" fisheries has been developed, yet empirical tests of the standard model have been relatively few. One difficulty is that fish stocks, the levels of which affect the rate of catch, are not directly observable. Simplifying...
Persistent link: https://www.econbiz.de/10009444643
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The Impacts of Attribute Level Framing and Changing Cost Levels on Choice Experiments Value Estimates
Kragt, Marit Ellen; Bennett, Jeffrey W. - 2010
Choice Experiments (CE) are increasingly used to estimate the values of environmental goods andservices. CE questionnaires represent the environmental good under valuation by varying levels ofnon-market attributes. Inclusion of a cost attribute enables the estimation of monetary values...
Persistent link: https://www.econbiz.de/10009446025
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Bias Reduction and Goodness-of-Fit Tests in Conditional Logistic Regression Models
Sinha, Samiran (contributor); Wang, Suojin (contributor) - 2010
bias preventive approach developed by Firth (1993) to handlethe bias of an estimator of the log-odds ratio parameter in … conditional logistic regression bysolving a modified score equation. The resultant estimator not only reduces bias but alsocan …
Persistent link: https://www.econbiz.de/10009464883