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This paper proposes a new bivariate competing risks model in which both durations are the first passage times of dependent Lévy subordinators with exponential thresholds and multiplicative covariates effects. Our specification extends the mixed proportional hazards model, as it allows for the...
Persistent link: https://www.econbiz.de/10012213979
This paper proposes a new bivariate competing risks model in which both durations are the first passage times of dependent Lévy subordinators with exponential thresholds and multiplicative covariates effects. Our specification extends the mixed proportional hazards model, as it allows for the...
Persistent link: https://www.econbiz.de/10012637218
Persistent link: https://www.econbiz.de/10011445923
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We study accelerated failure time models in which the survivor function of the error term is log-concave. The log-concavity assumption is often implied by the underlying economic models and covers large families of commonly used distributions. For right-censored failure time data, we construct...
Persistent link: https://www.econbiz.de/10012866580
The celebrated Heckman selection model yields a selection correction function (control function) proportional to the inverse Mills ratio, which is monotone. This paper studies a sample selection model which does not impose parametric distributional assumptions on the latent error terms, while...
Persistent link: https://www.econbiz.de/10012866583
We propose two simple semiparametric estimation methods for ordered response models with an unknown error distribution. The proposed methods do not require users to choose any tuning parameter and they automatically incorporate the monotonicity restriction of the unknown distribution function....
Persistent link: https://www.econbiz.de/10012866591
We propose a multiplex interdependent durations model with incomplete information structure. The model considers an empirical stopping game involving multiple agents making timing decisions. We characterize the unique Bayesian Nash equilibrium of the stopping game and show that the...
Persistent link: https://www.econbiz.de/10012934596
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