Showing 71 - 80 of 92
In this paper I develop models of the incidence and extent of external financing crises of developing countries, which lead to multiperiod multinomial discrete choice and discrete/continuous econometric specifications with flexible correlation structures in the unobservables. I show that...
Persistent link: https://www.econbiz.de/10005762544
In this paper we propose a method to estimate models in which an endogenous dichotomous treatment affects a count outcome in the presence of either sample selection or endogenous participation using maximum simulated likelihood. We allow for the treatment to have an effect on both the sample...
Persistent link: https://www.econbiz.de/10008542891
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/10004972242
This paper explores the role of unobserved managerial ability in production and its relationship with technical efficiency. Previous analyses of managerial ability have been based on strong assumptions about its role in production or on the use of proxies. We avoid these limitations by...
Persistent link: https://www.econbiz.de/10005063212
This paper discusses estimation methods for limited dependent variable (LDV) models that employ Monte Carlo simulation techniques to overcome computational problems in such models. These difficulties take the form of high dimensional integrals that need to be calculated repeatedly but cannot be...
Persistent link: https://www.econbiz.de/10005463929
This paper uses data from the Medical Expenditure Panel Survey to estimate the effect of COBRA on health care utilization among a sample of individuals who experience employment separation. The empirical specification employs a structural simultaneous equations model of insurance choice and...
Persistent link: https://www.econbiz.de/10005751099
This paper examines the impact of self-reported work-limitation on the employment of the Australian working age population. Five consecutive waves of the Household, Income and Labour Dynamics in Australia (HILDA) Survey are used to investigate this relationship. A two-equation dynamic panel data...
Persistent link: https://www.econbiz.de/10005612098
Persistent link: https://www.econbiz.de/10010677848
We propose a method to generate flexible mixture distributions that are useful for estimating models such as the mixed logit model using simulation. The method is easy to implement, yet it can approximate essentially any mixture distribution. We test it with good results in a simulation study...
Persistent link: https://www.econbiz.de/10010678800
In this article, we describe the gmnl Stata command, which can be used to fit the generalized multinomial logit model and its special cases. Copyright 2013 by StataCorp LP.
Persistent link: https://www.econbiz.de/10010680826