This paper proposes minimum distance estimation procedures for the slope coefficients and location parameter in randomly censored regression models that are used in duration and competing risk models. The proposed procedure generalizes existing work in terms of weakening the restrictions imposed on the distribution of the error term and the censoring variable. Examples of such generalizations i...

This paper explores the link between foreign direct investment and trade in a panel of four countries that will accede to the European Union in 2004: Poland, Hungary, the Czech Republic and Slovenia. We augment standard demand-side export and import equations with a measure of FDI penetration. We compare results based on a panel mean-group estimator with a fixed-effects panel model that allows ...

BACKGROUND To present an episodic random utility model that unifies time trade-off and discrete choice approaches in health state valuation. METHODS First, we introduce two alternative random utility models (RUMs) for health preferences: the episodic RUM and the more common instant RUM. For the interpretation of time trade-off (TTO) responses, we show that the episodic model implies a coeffic...

It has been shown by Powell (1986a,b) that p n-consistent estimation of the slope parameters in the linear censored regression model is possible under a conditional quantile and a conditional symmetry restriction on the error term, respectively. While the proposed estimators have desirable asymptotic properties, simulation studies have shown these estimators to exhibit a small sample bias in th...