The renewable energy consumption–economic growth nexus is a growing area of research
over the last few years, emanating to mixed results. The aim of the current study is to …

Direct utility models of consumer choice are reviewed and developed for understanding
consumer preferences. We begin with a review of statistical models of choice, posing a …

This book provides the most comprehensive treatment to date of microeconometrics, the
analysis of individual-level data on the economic behavior of individuals or firms using …

At the heart of many econometric models are a linear function and a normal error. Examples
include the classical small-sample linear regression model and the probit, ordered probit …

Many important economic questions hinge on the extent to which new goods either crowd
out or complement consumption of existing products. Recent methods for studying new …

R. Michael Alvarez examines how voters make their decisions in presidential elections. He
begins with the assumption that voters have neither the incentive nor the inclination to be …

We develop new methods for conducting a finite sample, likelihood-based analysis of the
multinomial probit model. Using a variant of the Gibbs sampler, an algorithm is developed to …

Gauss–Hermite quadrature is often used to evaluate and maximize the likelihood for random
component probit models. Unfortunately, the estimates are biased for large cluster sizes …

This paper addresses the interplay between health and labor market behavior in the later
part of the working life. We use the longitudinal Health and Retirement Survey to analyze the …

The multinomial logit model is perhaps the most commonly used regression model for
nominal outcomes in the social sciences. A concern raised by many researchers, however …