Changing with the Tide: Semi-Parametric Estimation of Preference Dynamics

Changing with the Tide: Semi-Parametric Estimation of Preference Dynamics

This paper contrasts the discovered preference hypothesis against the theory of coherent arbitrariness in a split-sample stated choice experiment on flood risk exposure in the Netherlands. A semi-parametric local multinomial logit model (L-MNL) is developed as an alternative to the Swait and Louviere (1993) procedure to control for preference dynamics within and between samples. The L-MNL model...

Semi-parametric estimation of the strategic goods (OPEC oil price)

In the global economy, crude oil is among the most important strategic goods that affects the performance of local and international markets. Prediction of the oil price has always been an important challenging topic in the global economy and producers and consumers have constantly been trying to improve their roll in the oil price changes and for many years OPEC has been one of the key players...

Semi-parametric estimation of shifts

AbstractWe observe a large number of functions differing from each other only by a translation parameter. While the main pattern is unknown, we propose to estimate the shift parameters using M -estimators. Fourier transform enables to transform this statistical problem into a semi-parametric framework. We study the convergence of the estimator and provide its asymptotic behavior. Moreover, we u...

Estimation of semi-parametric additive coefficient model

In the multivariate regression setting, we propose a flexible varying coefficient model in which the regression coefficients of some predictors are additive functions of other predictors. Marginal integration estimators of the coefficients are developed and their asymptotic properties investigated. Under -mixing, it is found that the estimators of the parameters in the regression coefficients h...

Estimation of Reliability with Semi-parametric Frailty Modeling of Degradation