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unstructured body of numeric evidence, for example from Monte Carlo simulation, in a form ready for introducing to scientific …, and organize content into a productive tool. Graphs confirm the advantage when put to work in a standard simulation …
Persistent link: https://www.econbiz.de/10011109202
simple statistical models, such as the multinomial logit (MNL), in which choice probabilities could be evaluated quickly on a … make it possible to estimate richer behavioral models that generate very complex choice probability expressions. This paper …
Persistent link: https://www.econbiz.de/10011112455
Simulation estimation in the context of panel data, limited dependent-variable (LDV) models poses formidable problems … that are not present in the crosssection case. Nevertheless, a number of practical simulation estimation methods have been … proposed and implemented for panel data LDV models. This paper surveys those methods and presents two empirical applications …
Persistent link: https://www.econbiz.de/10011112867
preference or choice data. The authors exploit a new method for estimating probit models from panel data to infer market …
Persistent link: https://www.econbiz.de/10011113209
value plots with ease, and thus facilitate visualizing quantitative data that record parameter change from simulation … principles revise a small multiple that collects simulation results on the empirical size of procedures testing exogeneity in the …
Persistent link: https://www.econbiz.de/10011114338
) and the well-known Geweke–Hajivassiliou–Keane (GHK) simulator in estimating multivariate binary probit models. Monte Carlo … exercises demonstrate that in lower dimension multivariate binary probit models, the multivariate quadrature-based SGI estimator … integration problems involving higher dimension multivariate probit models, and those with strong dependence among variables, the …
Persistent link: https://www.econbiz.de/10011189521
appropriately address these issues with the nonlinear models typically used in recreation demand analysis can severely bias …
Persistent link: https://www.econbiz.de/10010822995
Theory predicts that dismissing the 1 and 2 euro cent coins from the denominational range of the euro leads to more payment efficiency. To examine whether this theory holds true in practice, we collected data for the Netherlands before and after September 1 2004, which marks the day that retail...
Persistent link: https://www.econbiz.de/10010731775
In models of strategic interaction, there may be important order of entry effects if one player can credibly commit to … will be confounded with the payoffs. This paper considers nonparametric identification and simulation-based estimation of … sequential games of complete information. Relative to simultaneous-move games, these models avoid the problem of multiple …
Persistent link: https://www.econbiz.de/10010797483
Due to the recent financial crisis, the interest in econometric models that allow to incorporate binary variables (such …
Persistent link: https://www.econbiz.de/10010857332