We show empirically that the distribution of consumption expenditures across households is, within cohorts, closer to log normal than the distribution of income.
Motivated by several interesting features of the highway mowing auction data from the Texas Department of Transportation (TDoT), we study three competing procurement auction models with endogenous entry.
This paper is concerned with inference about a function <i>g</i> that is identified by a conditional quantile restriction involving instrumental variables.
This presentation about the microsimulation model TAXBEN was given at a seminar called 'UK Microsimulation: Bridging the Gaps', at the BSPS Conference, University of Sussex, September 2009.
This paper considers semiparametric efficient estimation of conditional moment models with possibly nonsmooth residuals in unknown parametric components (Θ) and unknown functions (h)of endogenous variables.
In this paper we examine the implications of the statistical large sample theory for the computational complexity of Bayesian and quasi-Bayesian estimation carried out using Metropolis random walks.
For a simplified structural equation/IV regression model with one right-side endogenous variable, we obtain the exact conditional distribution function for Moreira's (2003) conditional likelihood ratio (CLR) test
We study a mixed hitting-time (MHT) model that specifies durations as the first time a Levy process - a continuous-time process with stationary and independent increments - crosses a heterogeneous threshold.
The behaviour of the permanent and transitory economic shocks for different levels of households' welfare is studied using both consumption and income measures.
