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Alternate Samplingmethods for Estimating Multivariate Normal Probabilities
Sándor, Sándor, Z.; András, P. - Faculteit der Economische Wetenschappen, Erasmus … - 2003
We study the performance of alternative sampling methods for estimating multivariate normal probabilities through the GHK simulator. The sampling methods are randomized versions of some quasi-Monte Carlo samples (Halton, Niederreiter, Niederreiter-Xing sequences and lattice points) and some...
Persistent link: https://www.econbiz.de/10011067485
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Advances in Random Utility Models
Horowitz, Joel; Keane, Michael; Bolduc, Denis; Divakar, … - Volkswirtschaftliche Fakultät, … - 1994
estimation, (2) computational methods for multinomial probit models, and (3) computational methods for Bayesian stimation. This …
Persistent link: https://www.econbiz.de/10011109965
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Estimation of Dynamic Models with Nonparametric Simulated Maximum Likelihood
Kristensen, Dennis; Shin, Yongseok - School of Economics and Management, University of Aarhus - 2008
We propose a simulated maximum likelihood estimator for dynamic models based on non-parametric kernel methods. Our … method is designed for models without latent dynamics from which one can simulate observations but cannot obtain a closed … dynamic models that this nonparametric simulated maximum likelihood (NPSML) estimator is consistent and asymptotically …
Persistent link: https://www.econbiz.de/10005114113
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Brand and Quantity Choice Dynamics Under Price Uncertainty
Erdem, Tulin; Imai, Susumu; Keane, Michael - Volkswirtschaftliche Fakultät, … - 2003
We develop a model of household demand for frequently purchased consumer goods that are branded, storable and subject to stochastic price fluctuations. Our framework accounts for how inventories and expectations of future prices affect current period purchase decisions. We estimate our model...
Persistent link: https://www.econbiz.de/10011257829
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Introduction
Baussola, Maurizio; Mussida, Chiara - In: Rivista Internazionale di Scienze Sociali 121 (2013) 1, pp. 3-4
The papers published in this issue of the Rivista Internazionale di Scienze Sociali have been selected from those contributions presented at the workshop on ‘‘Employment opportunities and unemployment over the economic downturn’’ held on 18th May 2012 at the Universita` Cattolica del...
Persistent link: https://www.econbiz.de/10010786905
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Finite sample correction factors for panel cointegration tests
Hlouskova, Jaroslava; Wagner, Martin - 2009
In this paper we present finite T mean and variance correction factors and corresponding response surface regressions for the panel cointegration tests presented in Pedroni (1999, 2004), Westerlund (2005), Larsson et al. (2001), and Breitung (2005). For the single equation tests we consider up...
Persistent link: https://www.econbiz.de/10010294038
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Standard and Shuffled Halton Sequences in a Mixed Logit Model
Staus, Alexander - 2008
Modeling consumer choice in different areas has lead to an increase use of discrete choice models. Probit or … Multinomial Logit Models are often the base of further empirical research of consumer choice. In some of these models the …. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton …
Persistent link: https://www.econbiz.de/10011375025
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Firms formation and growth in the model with heterogeneous agents and monitoring
Marko, Peter; Švarc, Petr - 2008
In this article we extend the agent-based model of firms' formation and growth proposed in [4]. In [4] the firms' creation, expansion or contraction results from the interaction of heterogeneous utility maximizers. While the original model was able to replicate the power law distribution in the...
Persistent link: https://www.econbiz.de/10010322258
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Technology adoption and herding behavior in complex social networks
Švarcová, Natalie; Švarc, Petr - 2008
Using a simple computational model, we study consequences of herding behavior in population of agents connected in networks with different topologies: random networks, small-world networks and scale-free networks. Agents sequentially choose between two technologies using very simple rules based...
Persistent link: https://www.econbiz.de/10010322328
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Modelling and Simulation: An Overview
McAleer, Michael; Chan, Felix; Oxley, Les - 2013
The papers in this special issue of Mathematics and Computers in Simulation cover the following topics: improving …, globalization, and innovation: a general equilibrium simulation, whether exchange rates affect consumer prices: a comparative …
Persistent link: https://www.econbiz.de/10010326266