A test of the extreme value type I assumption in the bus engine replacement model

C-Tier

Journal: Economics Letters

Year: 2012

Volume: 116

Issue: 2

Pages: 213-216

Authors (4)

Larsen, Bradley J. (National Bureau of Economic Re...) Oswald, Florian (Università degli Studi di Tori...) Reich, Gregor (not in RePEc) Wunderli, Dan (Schweizerische Nationalbank (S...)

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

This note tests the assumption of dynamic discrete choice models that underlying utility shocks have an extreme value type I distribution. We find that extreme value type I shocks cannot be rejected in most specifications of the Rust (1987) bus engine replacement model.

A test of the extreme value type I assumption in the bus engine replacement model

Authors (4)

Abstract

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