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The Poisson regression model remains an important tool in the econometric analysis of count data. In a pioneering contribution to the econometric analysis of such models, Lung-Fei Lee presented a specification test for a Poisson model against a broad class of discrete distributions sometimes...
Persistent link: https://www.econbiz.de/10012696272
endogenously determined. Interpreting unemployment as damage, urban pollution (damage denoted in units of labour) can also support … the same equilibrium with the value of damage equal to the value of resources otherwise lost through unemployment. However …, if the damage function implies an uninternalized externality (due to urban congestion, for instance), an internalization …
Persistent link: https://www.econbiz.de/10010291995
Dobrogea province is composed by Constanta and Tulcea counties, situated in the South-eastern part of Romania, and it is known as one of the driest parts of Romania. The yearly amount of precipitations is no more than 400-450 mm. The yearly average temperature is around 10.5oC; the soils are of...
Persistent link: https://www.econbiz.de/10011288283
Should loss of earnings be compensated? The established law and economics wisdom considers pure economic loss as a transfer of wealth from the victim to a third party, whose earnings increase as a consequence of the accident. Such transfers do not amount to a social loss and, hence, should not...
Persistent link: https://www.econbiz.de/10010325460
nowcasting, and for post-disaster damage assessment. We focus on Fiji and on its agriculture sector, and on tropical cyclones … be used for both nowcasting and post-disaster damage assessments. …
Persistent link: https://www.econbiz.de/10014549270
development, but in others, disputes have erupted over land use, property rights, environmental damage, and revenue sharing …
Persistent link: https://www.econbiz.de/10014458227
Persistent link: https://www.econbiz.de/10010435662
In this work we present a novel ensemble model for a credit scoring problem. The main idea of the approach is to incorporate separate beta binomial distributions for each of the classes to generate balanced datasets that are further used to construct base learners that constitute the final...
Persistent link: https://www.econbiz.de/10011580450
The beta distribution has traditionally been employed in the PERT methodology and generally used for modeling bounded continuous random variables based on expert's judgment. The impossibility of estimating four parameters from the three values provided by the expert when the beta distribution is...
Persistent link: https://www.econbiz.de/10011825932
This paper proposes a dichotomous choice model that is based on a transformed beta (or "z") distribution. This model, called betit, nests both logit and probit and allows for various skewed and peaked disturbance densities. Because the shape of this density affects the estimated relation between...
Persistent link: https://www.econbiz.de/10010276953