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Persistent link: https://www.econbiz.de/10009189011
When choice data are not available, researchers studying preferences sometimes ask respondents to state the actions they would choose in choice scenarios. Data on stated choices are then used to estimate random utility models, as if they are data on actual choices. Stated and actual choices may...
Persistent link: https://www.econbiz.de/10008670420
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This article shows how to predict counterfactual discrete choice behavior when the presumed behavioral model partially identifies choice probabilities. The simple, general approach uses observable choice probabilities to partially infer the distribution of types in the population and then...
Persistent link: https://www.econbiz.de/10005400973
Models of household vehicle ownership decisions do not suffice as a basis for forecasting the size and composition of aggregate vehicle holdings. Forecasting applications require that such models be imbedded in systems describing the operation of the automobile market. This paper presents a new...
Persistent link: https://www.econbiz.de/10005279895
This paper explores how private and social incentives for fertility may have combined to produce the complex fertility pattern observed in Israel in the past half-century. Fertility has declined within some ethnic-religious groups, moderately increased in others, and parts of the ultra-Orthodox...
Persistent link: https://www.econbiz.de/10005549629
Government agencies often offer services or subsidies for which the demand is unknown. This paper treats the problem faced by such an agency when it must select a price-subsidy level so as to meet a budget constraint. It investigates the properties of the "zero-elasticity" pricing rule in which...
Persistent link: https://www.econbiz.de/10005551084
Economics is broadening its scope from analysis of markets to study of general social interactions. Developments in game theory, the economics of the family, and endogenous growth theory have led the way. Economists have also performed new empirical research using observational data on social...
Persistent link: https://www.econbiz.de/10005560790
Persistent link: https://www.econbiz.de/10005228918
We study the problem of identification of the long regression E(y|x,z) when the short conditional distributions P(y|x) and P(z|x) are known but the long conditional distribution P(y|x,z) is not known. This problem often arises when a researcher utilizes data from two separate data sets. (A...
Persistent link: https://www.econbiz.de/10005231129