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This paper investigates misspecified estimation and model selection criteria derived from the 'Information Criterion (see Akaike (1973))' for qualitative choice models. Four estimators for the 'Information Criterion' are derived for general qualitative choice models. Two of these estimators were...
Persistent link: https://www.econbiz.de/10010334778
The paper analyzes the effects on the demand for owner-occupied housing that are likely to result from the Swedish 1983-85 tax reform. This is done by means of a micro-simulation model which takes into account the dichotomous nature of the demand for housing: the consumers choose the mode of...
Persistent link: https://www.econbiz.de/10010334989
This paper examines the cross-fertilizations of random utility models with the study of decision making under risk and uncertainty. We start with a description of the Expected Utility (EU) theory and then consider deviations from the standard EU frameworks, involving the Allais paradox and the...
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This paper investigates the impact of residential density on household vehicle usage and fuel consumption. We estimate a simultaneous equations system to account for the potential residential self-selection problem. While most previous studies focus on a specific region, this paper uses national...
Persistent link: https://www.econbiz.de/10011110340
This paper explores the impact of residential density on households’ vehicle type and usage choices using the 2001 National Household Travel Survey (NHTS). Attempts to quantify the effect of urban form on households’ vehicle choice and utilization often encounter the problem of sample...
Persistent link: https://www.econbiz.de/10011184002
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Recent survey validation studies suggest that measurement error in earnings data is pervasive and violates classical measurement error assumptions and, therefore, may bias estimation of cross-section and longitudinal earnings models. The authors model the structure of earnings measurement error...
Persistent link: https://www.econbiz.de/10005075969