Showing 1 - 10 of 63
As a clean and highly valuable renewable energy, wind energy has gradually become an important branch of energy technology. By means of measurement methods, the wind characteristics, energy applications for distributed wind energy source (DWES) in six sites in Henduan Mountains and economic...
Persistent link: https://www.econbiz.de/10012652461
I explore the implications of the lumpy labor adjustment as a propagation mechanism for aggregate dynamics. The model I use nests the basic RBC model with a staggered-job-turnover in the spirit of Taylor (1980) and Calvo (1983). It extends this approach by introducing a Weibull-distributed labor...
Persistent link: https://www.econbiz.de/10010263723
I explore the aggregate effects of micro lumpy labor adjustment in a prototypical RBC model, which embeds a stochastic labor duration mechanism in the spirit of Calvo(1983), and it extends this approach by introducing a Weibull-distributed labor adjustment process to capture the increasing...
Persistent link: https://www.econbiz.de/10010263744
This paper discusses techniques to generate survival times for simulation studies regarding Cox proportional hazards models. In linear regression models, the response variable is directly connected with the considered covariates, the regression coefficients and the simulated random errors. Thus,...
Persistent link: https://www.econbiz.de/10010266139
This paper explores implications of nominal rigidity characterized by a non-constant hazard function for aggregate dynamics. I derive the NKPC under an arbitrary hazard function and parameterize it with the Weibull duration model. The resulting Phillips curve involves lagged inflation and lagged...
Persistent link: https://www.econbiz.de/10010270718
The correlated Weibull regression model for the analysis of correlated binary data is presented. This regression model is based on Bonney’s disposition model for the regression analysis of correlated binary outcomes. Parameter estimation was done through the maximum likelihood method. The...
Persistent link: https://www.econbiz.de/10010316460
This paper develops and compares specification tests for parametric duration models estimated with censored data. The tests are based on generalized residuals (the integrated hazard), which is exponentially distributed if the model is correctly specified. I present several conditional moment...
Persistent link: https://www.econbiz.de/10010318610
Jaynes (1957a,b) formulates the maximum entropy (ME) principle as the search for a distribution maximizing a given entropy under some given constraints. Kapur (1984) and Kesavan & Kapur (1989) introduce the generalized maximum entropy principle as the derivation of an entropy for which a given...
Persistent link: https://www.econbiz.de/10011764079
In progressive censoring, items are removed at certain times during the life test. Commonly, it is assumed that the removed items are used for further testing. In order to take into account information about these additional testing in inferential procedures, we propose a two-step model of stage...
Persistent link: https://www.econbiz.de/10012428656
This paper aims to analyze the characteristic of wind speed data in Al-Salman site - Iraq using Weibull distribution. Maximum likelihood method (MLM) was used to find out two essential Weibull parameters. The best wind distribution was described by using probability density function and...
Persistent link: https://www.econbiz.de/10012652344