A semiparametric model of consumer demand is considered. In the model, the indirect utility function is specified as a partially linear, where utility is nonparametric in expenditure and parametric (with fixed- or varying-coefficients) in prices. Because the starting point is a model of indirect...

Economists use partial and general equilibrium trade simulation models to estimate the impact of changes in domestic policies and international trade rules. During the WTO Doha Development Agenda (DDA) negotiations economists have produced many different estimates of the gains that would result...

This note revisits the ideas of the so-called semiparametric methods that we consider to be very useful when applying machine learning in insurance. To this aim, we first recall the main essence of semiparametrics like the mixing of global and local estimation and the combining of explicit...