Showing 1 - 10 of 12
In this paper, we develop an empirical test of consistency in contingent willingness topay (WTP) responses, which is based on the following a priori expectation. In economics,when an individual considers paying for public goods, his decision to pay, and his WTP arebased on utility-maximising...
Persistent link: https://www.econbiz.de/10009442761
The Neoclassical theory of production establishes a dual relationship between the profit value function of a competitive firm and its underlying production technology. This relationship, usually referred to as the duality theory, has been widely used in empirical work to estimate production...
Persistent link: https://www.econbiz.de/10009444351
function approach to deal with endogeneity of subsidized fertilizer in a commercial fertilizer demand equation. Our results …
Persistent link: https://www.econbiz.de/10009444833
changes in ownership when analyzing spinoffs and generally to control for endogeneity, selection and data attrition when …
Persistent link: https://www.econbiz.de/10009477049
We analyze the effects of ownership type and concentration on performance of a population of firms in a model large-scale privatization economy (Czech Republic). Using specifications based on first-differences and unique instrumental variables, we find that few types of private ownership improve...
Persistent link: https://www.econbiz.de/10009477240
changes in ownership when analyzing divestitures and to control for endogeneity, selection and data attrition when analyzing …
Persistent link: https://www.econbiz.de/10009477561
operator and spouse are dependent. We then find significant evidence of endogeneity in the health insurance coverage variable …
Persistent link: https://www.econbiz.de/10009483611
Este artículo introduce una nueva clase de modelos de vectores autorregresivos con parámetros cambiantes en el tiempo (TVP-VAR). En los modelos propuestos, se permite que las innovaciones estructurales puedan influir en la dinámica de sus coeficientes. También se proporciona un algoritmo de...
Persistent link: https://www.econbiz.de/10012525782
control function approach, to overcome the endogeneity bias. Both for manufacturing and services firms, we have found that the …
Persistent link: https://www.econbiz.de/10012530314
Hay evidencia en la literatura sobre episodios de consolidación fiscal que producen efectos expansivos (no keynesianos) (por ejemplo, Alesina y Ardagna, 1998). En este documento replicamos este resultado para un grupo de países de la OCDE asumiendo exogeneidad de la decisión de ajuste fiscal,...
Persistent link: https://www.econbiz.de/10012530326