23 research outputs found
A dynamic agricultural household model with uncertain income and irreversible and indivisible investments under credit constraints
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Estimation of the multinomial logit model with random effects
No full textIn the present paper, it is shown how to perform estimation of the random effects multinomial logit model in the SAS program. Inference in the random effects multinomial logit model is complicated because it requires evaluation of multi-dimensional integrals. Presumably for this reason, no statistical software packages allow for direct estimation of the model. It is shown how modifications of the likelihood function enable the applied researcher to make inference using SAS. While the procedure works well for small samples/models, estimation time might become considerable for larger samples/models. A possible explanation for this is provided.
Innovations in Mortgage Finance and the Onset of the Great Recession in a Small Open Economy with a Euro Peg
No full textDid the escalation of the financial crisis of 2008 affect the perception of immigration-related threats? A natural experiment
No full textSuccess in entrepreneurship: a complementarity between schooling and wage-work experience
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