Most econometric schemes to allow for heterogeneity in micro behavior have two drawbacks: they do not fit the data and they rule out interesting economic models. In this paper we consider the time homogeneous first order Markov (HFOM) model that allows for maximal heterogeneity. That is, the modeling of the heterogeneity does not impose anything on the data (except the HFOM assumption for each agent) and it allows for any theory model (that gives a HFOM process for an individual observable variable). 'Maximal' means that the joint distribution of initial values and the transition probabilities is unrestricted. We establish necessary and sufficient conditions for generic local point identification of our heterogeneity structure that are very...
The thesis studies quantitative implications of the real business cycle models with heterogeneous a...
One of the most important empirical findings in microeconometrics is the pervasiveness of heterogene...
One of the most important empirical findings in microeconometrics is the pervasiveness of heterogene...
Most econometric schemes to allow for heterogeneity in micro behavior have two drawbacks: they do no...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do ...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do ...
Most econometric schemes to allow for heterogeneity in micro behavior have two drawbacks: they do no...
Most econometric schemes to allow for heterogeneity in micro behavior have two drawbacks: they do no...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do ...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do ...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do n...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do n...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do n...
The paper considers a new class of duration models in which unobserved heterogeneity changes with t...
One of the most important empirical findings in microeconometrics is the pervasiveness of heterogene...
The thesis studies quantitative implications of the real business cycle models with heterogeneous a...
One of the most important empirical findings in microeconometrics is the pervasiveness of heterogene...
One of the most important empirical findings in microeconometrics is the pervasiveness of heterogene...
Most econometric schemes to allow for heterogeneity in micro behavior have two drawbacks: they do no...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do ...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do ...
Most econometric schemes to allow for heterogeneity in micro behavior have two drawbacks: they do no...
Most econometric schemes to allow for heterogeneity in micro behavior have two drawbacks: they do no...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do ...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do ...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do n...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do n...
Most econometric schemes to allow for heterogeneity in micro behaviour have two drawbacks: they do n...
The paper considers a new class of duration models in which unobserved heterogeneity changes with t...
One of the most important empirical findings in microeconometrics is the pervasiveness of heterogene...
The thesis studies quantitative implications of the real business cycle models with heterogeneous a...
One of the most important empirical findings in microeconometrics is the pervasiveness of heterogene...
One of the most important empirical findings in microeconometrics is the pervasiveness of heterogene...