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Computational aspects concerning a model for clustered binary panel data are analysed. The model is based on the representation of the behavior of a subject (individual panel member) in a given cluster by means of a latent process that is decomposed into a cluster-specific component, which...
Persistent link: https://www.econbiz.de/10005694985
Economists and environmental policymakers have recently begun advocating a bottom-up approach to climate change mitigation, focusing on reduction targets for groups of nations, rather than large scale global policies. We advance this discussion by taking a quantitative perspective, focusing on...
Persistent link: https://www.econbiz.de/10010823161
heterogeneity in shaping the effects of health shocks on labour supply is theoretically modelled by adopting the Grossman (1972 …
Persistent link: https://www.econbiz.de/10005561971
In public goods experiments, stochastic choice, censoring and motivational heterogeneity give scope for disagreement … subjects act selfishly, but a substantial proportion are reciprocal with altruism playing only a marginal role. Isolating …
Persistent link: https://www.econbiz.de/10005709927
In public goods experiments, stochastic choice, censoring, and motivational heterogeneity allow experimentalists to … accommodate censoring and errors. Most subjects act selfishly, but a substantial proportion are reciprocal with altruism playing …
Persistent link: https://www.econbiz.de/10005453720
In public goods experiments, stochastic choice, censoring, and motivational heterogeneity allow experimentalists to … accommodate censoring and errors. Most subjects act selfishly, but a substantial proportion are reciprocal with altruism playing …
Persistent link: https://www.econbiz.de/10010601959
This paper analyzes the instability introduced into multilateral agreements by two types of heterogeneity …: heterogeneity of countries (size and number of producing members) and heterogeneity of lobbies (asymmetric influence at the national …
Persistent link: https://www.econbiz.de/10010959124
required under aggregation. This suggests that heterogeneity may affect the local stability of the learning scheme but that in … agents and homogeneous learning. We study the local stability of REEs under heterogeneous adaptive learning, for the broad … class of self-referential linear stochastic models. We introduce three types of heterogeneity related to the way agents …
Persistent link: https://www.econbiz.de/10005345570
Persistent link: https://www.econbiz.de/10008550173
study from a learning perspective the implications of heterogeneity across forecasts by the central bank and private agents …
Persistent link: https://www.econbiz.de/10005648958