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Vector autoregressions with Markov-switching parameters (MS-VARs) offer dramatically better data fit than their constant-parameter predecessors. However, computational complications, as well as negative results about the importance of switching in parameters other than shock variances, have...
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number of states of nature induced by unobserved environmental variables. This estimation is conducted by using a Birth … rice farms in the Philippines operating between 1990 and 1997. The endogenous estimation procedure indicates a unimodal … results indicate satisfactory fit and also provided insights regarding the degree of estimation error reduction achieved by …
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demand estimation techniques. Although we find that error in market shares generally undermine the standard point …In this paper we introduce a new approach to estimating a differentiated product demand system that allows for error in … identification of discrete choice models of demand, we exploit shape restrictions on demand implied by discrete choice to generate a …
Persistent link: https://www.econbiz.de/10009707190
scope of existing demand estimation techniques. We show that with a lower bound imposed on the expected sales quantities, we …In this paper, we introduce a new approach to estimating differentiated product demand systems that allows for products … with zero sales in the data. Zeroes in demand are a common problem in differentiated product markets, but fall outside the …
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We study adoption by more than 150,000 households of an optional transitional water tariff implemented in the South …
Persistent link: https://www.econbiz.de/10011844885
We study adoption by more than 150,000 households of an optional transitional water tariff implemented in the South …
Persistent link: https://www.econbiz.de/10011822824
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