Showing 1 - 10 of 70
In many microeconometric models we use distances. For instance, in modelling the individual behavior in labor economics or in health studies, the distance from a relevant point of interest (such as a hospital or a workplace) is often used as a predictor in a regression framework. However, in...
Persistent link: https://www.econbiz.de/10011411576
"Within economics a relatively new way of modeling has dominated important subfields: structural modeling. The goal of … quantitative marketing use structural econometric modeling to estimate the model parameters, give the economic … using the traditional modeling method ("reduced form"), researchers can often only estimate whether an effect would be …
Persistent link: https://www.econbiz.de/10014282761
Persistent link: https://www.econbiz.de/10014483990
Persistent link: https://www.econbiz.de/10014431204
In their IZA Discussion Paper 10247, Johansson and Lee claim that the main result (Proposition 3) in Abbring and Van den Berg (2003b) does not hold. We show that their claim is incorrect. At a certain point within their line of reasoning, they make a rather basic error while transforming one...
Persistent link: https://www.econbiz.de/10011543629
Persistent link: https://www.econbiz.de/10003318483
Persistent link: https://www.econbiz.de/10003406649
Persistent link: https://www.econbiz.de/10003601722
A new multidimensional scaling model designed to analyze binary choice data (e.g., subjects rendering buy/no buy decisions concerning a number of actual products). Maximum likelihood estimation procedures are utilized in procuring a joint space representation of both subjects and products...
Persistent link: https://www.econbiz.de/10012992493
Persistent link: https://www.econbiz.de/10012392226