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This paper estimates demand for residential solar photovoltaic (PV) systems using a new approach to address three empirical challenges that often arise with count data: excess zeros, unobserved heterogeneity, and endogeneity of price. Our results imply a price elasticity of demand for solar PV...
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individual, with no restrictions on this heterogeneity in either the intercept or the slope. Using a rich panel dataset, we …
Persistent link: https://www.econbiz.de/10012969770
The standard gravity model of aggregate migration erroneously assumes homogeneity, quasi-symmetry, and (log) linearity. As a result, estimation of the model using, say, the convenient OLS estimator is plagued by omitted-variables and misspecification biases. This paper, therefore, presents...
Persistent link: https://www.econbiz.de/10012608069
For a panel data regression equation with two-way unobserved heterogeneity, individual-specific and period …
Persistent link: https://www.econbiz.de/10011585187
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Pseudo-panels allow estimation of panel models when only repeated cross-sections are available. This involves grouping … individuals into cohorts and using the cohort means as if they are observations in a genuine panel. Their practical use is … bias. We show that grouping can also create substantial aggregation bias, calling into question how well pseudo-panels can …
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