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We propose a specification test for a wide range of parametric models for the conditional distribution function of an outcome variable given a vector of covariates. The test is based on the Cramer-von Mises distance between an unrestricted estimate of the joint distribution function of the data,...
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A sequence of real numbers (xn) is Benford if the significands, i.e. the fractionparts in the floating-point representation of (xn), are distributed logarithmically.Similarly, a discrete-time irreducible and aperiodic finite-state Markov chain withprobability transition matrix P and limiting...
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In this paper we analyse methods which allow us to estimate and identify the sources of censoring in dynamic models. We … framework within which to analyse agents' behaviour when optimal inaction generates censoring in observed decisions. A discrete …
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We derive transition probability matrices for chronic health conditions using survey prevalence data. Matrices are constructed for successive age groups and the sequence represents the "age dynamics" of the health conditions for a stationary population - the probabilities of acquiring the...
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