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81
Public Subsidies, Private Provision of Care, and Living Arrangements of the Elderly
Hoerger, Thomas J.
;
Picone, Gabriel
;
Sloan, Frank
-
Duke University, Department of Economics
-
1995
The authors examine the effects of public subsidies on the living arrangements of the disabled elderly who choose among living independently, living in an intergenerational household, and entering a nursing home. After quantifying effects of state policies on each arrangement, they estimate the...
Persistent link: https://www.econbiz.de/10005439807
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82
Was the NOAA Panel Correct about Contingent Valuation?
Carson, Richard T.
;
Hanemann, W. Michael
;
Kopp, Raymond J.
-
Duke University, Department of Economics
-
1996
The past few years have seen a highly charged debate about whether contingent valuation (CV) surveys can provide valid economic measures of people's values for environmental resources. In an effort to appraise the validity of CV measures of economic value, a distinguished panel of social...
Persistent link: https://www.econbiz.de/10005439808
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83
Weak Complementarity and Quasi Rents
Huang, Ju-Chin
;
Smith, V. Kerry
-
Duke University, Department of Economics
-
1995
This paper describes production analogs to the conditions used in consumer theory to recover measures of willingness to pay for non-marketed environmental resources. The analysis suggests that both weak complementarity and Hicksian neutrality have production analogs. Moreover, it indicates that...
Persistent link: https://www.econbiz.de/10005439809
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84
Qualitative and Asymptotic Performance of SNP Density Estimators
Fenton, Victor
;
Gallant, A. Ronald
-
Duke University, Department of Economics
-
1996
The SNP estimator is the most convenient nonparametric method for simultaneously estimating the parameters of a nonlinear model and the density of a latent process by maximum likelihood. To determine if this convenience comes at a price, we assess the qualitative behavior of SNP in finite...
Persistent link: https://www.econbiz.de/10005439810
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85
New Minimum Chi-Square Methods in Empirical Finance
Tauchen, George E.
-
Duke University, Department of Economics
-
1995
This paper reviews recently developed simulation-based minimum chi-square estimators for structural models. Particular attention is paid to selection of the auxiliary model that defines the GMM-type criterion used in the minimum chi-square estimation. Considerations of statistical efficiency and...
Persistent link: https://www.econbiz.de/10005439811
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86
Estimation of Stochastic Volatility Models with Diagnostics
Gallant, A. Ronald
;
Hsieh, David
;
Tauchen, George
-
Duke University, Department of Economics
-
1995
Efficient Method of Moments (EMM) is used to fit the standard stochastic volatility model and various extensions to several daily financial time series. EMM matches to the score of a model determined by data analysis called the score generator. Discrepancies reveal characteristics of data that...
Persistent link: https://www.econbiz.de/10005439813
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87
Diverging Incomes, School Desegration, and Private SchoolEnrollment
Clotfelter, Charles T.
-
Duke University, Department of Economics
-
1997
Although only about a tenth of all elementary and high school students in the country attend private schools, those who do attend private schools are not a random sample of the school-age population. To the extent that they come from more affluent families or from families with a strong taste...
Persistent link: https://www.econbiz.de/10005439814
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88
Comments on Calibration
Gallant, A. Ronald
-
Duke University, Department of Economics
-
1996
This paper summarizes comments at the Panel Discussion on Calibration at the Seventh World Congress of the Econometric Society, Keio University, Tokyo, Japan, 22-29 August 1995.
Persistent link: https://www.econbiz.de/10005439815
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89
Time and the Valuation of Environmental Resources
Smith, V. Kerry
-
Duke University, Department of Economics
-
1997
This paper considers the modeling strategies that have been used to incorporate time in revealed and stated preference methods for valuing environmental resources. After reviewing a subset of the economic models for describing time as an input to household production; time in creating habits and...
Persistent link: https://www.econbiz.de/10005439816
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90
Managing Switching Costs in Multiperiod Procurements with Strategic Buyers
Lewis, Tracy R.
;
Yildirim, Huseyin
-
Duke University, Department of Economics
-
2003
This paper examines the use of switching costs by long lived strategic buyers to manage dynamic competition between rival suppliers. The analysis reveals how buyers may employ switching costs to their advantage. We show, ironically, when switching costs are high a buyer may induce suppliers to...
Persistent link: https://www.econbiz.de/10005439817
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