Now showing items 1-5 of 5
What can be (and what has been) learned from general equilibrium simulation models of school finance?
(National Tax Journal, 2003-06-01)
This paper synthesizes some initial lessons from an emerging school finance literature that employs computational structural models to investigate different policy proposals. The advantage of such models lies in their ability ...
Discounting the distant future: How much do uncertain rates increase valuations?
(Journal of Environmental Economics and Management, 2003-07-01)
We demonstrate that when the future path of the discount rate is uncertain and highly correlated, the distant future should be discounted at significantly lower rates than suggested by the current rate. We then use two centuries ...
Does higher hospital cost imply higher quality of care?
(Review of Economics and Statistics, 2003-02-01)
This study investigates whether higher input use per stay in the hospital (treatment intensity) and longer length of stay improve outcomes of care. We allow for endogeneity of intensity and length of stay by estimating a ...
Local Uses of Parks: Uncovering Patterns of Household Production from Forests of Siberut, Indonesia
(Conservation and Society, 2003)
Finite mixture distributions, sequential likelihood and the EM algorithm
A popular way to account for unobserved heterogeneity is to assume that the data are drawn from a finite mixture distribution. A barrier to using finite mixture models is that parameters that could previously be estimated ...