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A semiparametric estimator for evaluating the parameters of data generated under a sample selection process is developed. This estimator is based on the generalized maximum entropy estimator and performs well for small and ill-posed samples. Theoretical and sampling comparisons with parametric...
Persistent link: https://www.econbiz.de/10010537486
Persistent link: https://www.econbiz.de/10009397331
A variety of parametric and semiparametric models produce qualitatively similar estimates of government policies’ effects on income distribution and welfare (as measured by the Gini, standard deviation of logarithms, relative mean deviation, coefficient of variation, and various Atkinson...
Persistent link: https://www.econbiz.de/10011130829
The Navy’s promotion-retention process involves two successive decisions: The Navy decides whether an individual is selected for promotion, and then, conditional on the Navy’s decision, the sailor decides whether to reenlist or leave the Navy. Rates of promotion and retention...
Persistent link: https://www.econbiz.de/10011131568
The Navy’s promotion-retention process involves two successive decisions: The Navy decides whether an individual is selected for promotion, and then, conditional on the Navy’s decision, the sailor decides whether to reenlist or leave the Navy. Rates of promotion and retention...
Persistent link: https://www.econbiz.de/10011131604
The Navy’s promotion-retention process involves two successive decisions: The Navy decides whether an individual is selected for promotion, and then, conditional on the Navy’s decision, the sailor decides whether to reenlist or leave the Navy. Rates of promotion and retention...
Persistent link: https://www.econbiz.de/10011131610
Persistent link: https://www.econbiz.de/10010843143
We develop a generalized maximum entropy estimator that can estimate pure and mixed strategies subject to restrictions from game theory. This method avoids distributional assumptions and is consistent and efficient. We demonstrate this method by estimating the mixed strategies of duopolistic...
Persistent link: https://www.econbiz.de/10010584381
A new information-based approach for estimating systems of many equations with nonnegativity constraints is presented. This approach, called generalized maximum entropy (GME), is more practical and efficient than traditional maximum-likelihood methods. The GME method is used to estimate an...
Persistent link: https://www.econbiz.de/10005076012
We use a nonlinear, nonparametric method to forecast unemployment rates. This method is an extension of the nearest-neighbor method but uses a higher-dimensional simplex approach. We compare these forecasts with several linear and nonlinear parametric methods based on the work of Montgomery et...
Persistent link: https://www.econbiz.de/10005692934