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Market Response Analysis: The Demand System versus Non-Restricted Marketing Models

Wang, Tie - Econometric Society - 2004

There are different views on the specifications of market share models between economists and marketing researchers …. The paper made a multi-criteria comparison between the two well-known demand system models, the AIDS and Translog model … that are subject to the symmetry and homogeneity restrictions, and the two-market response models in which the symmetry and …

Persistent link: https://www.econbiz.de/10005130167

Alternative Measures of the Explanatory Power of Multivariate Probit Models with Continuous or Ordinal Responses

Spieß, Martin; Tutz, Gerhard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

In this paper R2-type measures of the explanatory power of multivariate linear and categorical probit models proposed … indifferent to components not explicitely modeled. Based on this view three different measures for multivariate probit models are … proposed. Results of a simulation study are presented designed to compare two measures in various situations and evaluate the …

Persistent link: https://www.econbiz.de/10004963825

Qual VAR Revisited: Good Forecast, Bad Story

El-Shagi, Makram; von Schweinitz, Gregor - 2012

Due to the recent financial crisis, the interest in econometric models that allow to incorporate binary variables (such …

Persistent link: https://www.econbiz.de/10010291571

The portfolio structure of German households: A multinomial fractional response approach with unobserved heterogeneity

Becker, Gideon - Wirtschaftswissenschaftlichen Fakultät, … - 2014

What determines the risk structure of financial portfolios of German households? In this paper we estimate the determinants of the share of financial wealth invested in three broad risk classes. We employ a new econometric approach - the so called fractional multinomial logit model - which...

Persistent link: https://www.econbiz.de/10010981942

Survey-Based Assessment of Household Borrowers' Financial Vulnerability

Arins, Mikus; Sinenko, Nadezda; Laube, Laura - Latvijas Banka - 2014

This Discussion Paper is an attempt to provide insight into the debt servicing capacity of Latvian households and its sustainability under the impact of different macroeconomic shocks based on individual household data obtained by surveying households with at least one loan for house purchase....

Persistent link: https://www.econbiz.de/10010944606

Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments

Eisenhauer, Phillipp; Heckman, James J.; Mosso, Stefano - National Bureau of Economic Research (NBER) - 2014

discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic …

Persistent link: https://www.econbiz.de/10010951297

Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments

Eisenhauer, Philipp; Heckman, James J.; Mosso, Stefano - Institute for the Study of Labor (IZA) - 2014

discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic …

Persistent link: https://www.econbiz.de/10010959620

Does Patenting Increase the Private Incentives to Innovate? A Microeconometric Analysis

Duguet, Emmanuel; Lelarge, Claire - Centre d'Études des Politiques Économiques (EPEE), … - 2004

This paper examines whether patenting increases the private incentives to innovate in manufacturing. To study this issue, we build a model in which the value of an innovation depends both on the type of innovation implemented (product, process) and on the existence of a patent protection or not....

Persistent link: https://www.econbiz.de/10010939357

Estimating net chid care price elasticities of partnered women with pre-school children using a discrete structural labour supply-child care model

Gong, Xiaodong; Breunig, Robert - Treasury, Government of Australia - 2012

The purpose of this paper is to improve our understanding of the relationship between child care price and women's labour supply. We specify and estimate a discrete, structural model of the joint household decision over women’s labour supply and child care demand. Parents care about the...

Persistent link: https://www.econbiz.de/10010598431

State Dependence in a Multi-state Model of Employment Dynamics

Prowse, Victoria - Department of Economics, Oxford University - 2005

A multinomial choice framework is used to investigate the nature of women`s transitions between full-time employment, part-time employment and non-employment. The stochastic framework allows time varying and time invariant unobserved preferences, and also controls for the possible endogenity of...

Persistent link: https://www.econbiz.de/10010604916