Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/64891 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorLiégeois, Philippeen
dc.contributor.authorIslam, Nizamulen
dc.date.accessioned2010-12-15-
dc.date.accessioned2012-10-15T14:13:01Z-
dc.date.available2012-10-15T14:13:01Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/64891-
dc.description.abstractIn discrete choice labour supply analysis, it is often reasonably expected that utility is increasing with income. Yet, analyses based on discrete choice models sometimes mention that, when no restriction is imposed a priori in the statistical optimization program, the monotonicity condition is not fully satisfied ex post. Obviously, the standard statistical optimization program might be completed with conditions (one per individual) imposing positive marginal utilities. Unfortunately, such a high-dimensional program most often appears to be rather time-consuming in order to be solved, if not practically unsolvable. In order to overcome this drawback, some authors impose general parametric restrictions a priori (hence reducing de facto the dimension of the parameter set), which is sufficient to lead to positive marginal utilities ex post. However, those restrictions might sometimes appear to be unnecessarily too severe and then generate a suboptimal set of estimated values for the parameters of the utility function. Alternatively, we show that it may be easy to avoid unnecessary restrictions. The high-dimensional program including conditions for positive marginal utilities for all can sometimes be equivalently replaced by a onedimensional one. At the end, no observation is hopefully showing negative marginal utility anymore at optimum.en
dc.language.isoengen
dc.publisher|aUniversity of Essex, Institute for Social and Economic Research (ISER) |cColchesteren
dc.relation.ispartofseries|aEUROMOD Working Paper |xEM6/10en
dc.subject.jelC25en
dc.subject.jelC61en
dc.subject.jelH31en
dc.subject.jelJ22en
dc.subject.ddc330en
dc.subject.keywordLabour supplyen
dc.subject.keywordDiscrete choiceen
dc.subject.keywordUtilityen
dc.subject.keywordMonotonicity conditionen
dc.titleDealing with negative marginal utilities in the discrete choice modelling of labour supply-
dc.typeWorking Paperen
dc.identifier.ppn641710038en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
524.59 kB





Publikationen in EconStor sind urheberrechtlich geschützt.