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Why Do Households Concentrate Their Wealth in Housing?

Benjamin, John D.; Chinloy, Peter T.; Jud, G. Donald - 2007

An apparent paradox in household wealth accumulation in the United States is the relatively small holding of financial assets and the large holding of housing wealth. To explain the high concentration of household wealth in housing, this paper estimates the marginal propensity to consume from...

Persistent link: https://www.econbiz.de/10014053681

A Hedonic Price Comparison of Manufactured and Site-Built Homes in the Non-Msa U.S

Vanderford, Stephanie E.; Mimura, Yoko; Sweaney, Anne L. - 2007

: whether a home is site-built or manufactured. Two hedonic price regression models were used to determine the predictive power …

Persistent link: https://www.econbiz.de/10014053690

Price Indexes for Multi-Dwelling Properties in Sweden

Berg, Lennart - 2007

used to determine that spatial specified regressions improved the models' explanatory power. The constant quality price for …, estimating models with a quarterly constant quality price trend to some extent shows different price trends for the three …

Persistent link: https://www.econbiz.de/10014053691

Impact of Local Public Services and Taxes on Dwelling Choice within a Single Taxing Jurisdiction : A Discrete Choice Model

Uyar, Bulent; Brown, Kenneth H. - 2006

Discrete choice models of household location assume local public finance variables remain the same within a given …

Persistent link: https://www.econbiz.de/10014053700

Sample Selection with Binary Endogenous Variable : A Bayesian Analysis of Participation to Timber Auctions

Preget, Raphaele; Waelbroeck, Patrick - 2006

We propose a Bayesian Metropolis-Gibbs Monte Carlo Markov Chain (MCMC) algorithm to estimate parameters of a sample selection model in which the selected equation include a binary endogenous explanatory variable, using a three simultaneous equation model. We apply our methodology to...

Persistent link: https://www.econbiz.de/10014055716

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

Duguet, Emmanuel; Lelarge, Claire - 2015

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/10014069370

Computational Issues in the Sequential Probit Model : A Monte Carlo Study

Waelbroeck, Patrick - 2004

We discuss computational issues in the sequential probit model that have limited its use in applied research. We estimate parameters of the model by the method of simulated likelihood and by Bayesian MCMC algorithms. We provide Monte Carlo evidence on the relative performance of both estimators....

Persistent link: https://www.econbiz.de/10014071383

Measuring Peer Effects on Youth Smoking Behavior

Nakajima, Ryo - 2011

This paper examines the role of peer effects in smoking behavior using data of middle and high school students in the United States. I present a random utility model that explicitly incorporates complementarity between individual and peer smokings. A Markov process model of smoking interactions...

Persistent link: https://www.econbiz.de/10014072017

Are Primary Care Physicians, Public and Private Sector Specialists Substitutes or Complements? Evidence from a Simultaneous Equations Model for Count Data

Atella, Vincenzo; Deb, Partha - 2004

In this paper, we examine the relationships between health care visits to general practitioners, public sector specialists and private sector specialists using data from Italy, which has a mixed public-private health care system. We develop a simultaneous equations model that allows for the...

Persistent link: https://www.econbiz.de/10014072331

Competitive Pricing Behavior in the Us Auto Market : A Structural Analysis

Sudhir, K. - 2002

difficulty is the large number of car models in the US auto market. Existing studies have inferred competitive behavior only in … structural estimation of competitive behavior to markets with a large number of products. We use the simulation based estimation … can use our results to judge the appropriateness of their models in predicting competitive outcomes for the markets that …

Persistent link: https://www.econbiz.de/10014034705