IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v30y1998i11p1511-1530.html
   My bibliography  Save this article

On the use of disequilibrium models in applied microeconomic research and the value of sample separation information

Author

Listed:
  • Ben Bode
  • Johan Koerts
  • A. Roy Thurik

Abstract

The use of disequilibrium models in applied microeconomic research is evaluated. A disequilibrium or switching regime model is used to explainsales levels of individual retail stores. It is investigated whether substantial differences are found if an equilibrium approach is followed instead. Disequilibrium models are known to suffer from the fact that sample separation is unknown. Usually this information is not available. Our sample contains explicit information with respect to the regime to which an observation belongs. Therefore, the value of sample separation information in estimating the disequilibrium model is investigated. Finally, Monte Carlo experiments are conducted to get more insight into these matters.

Suggested Citation

  • Ben Bode & Johan Koerts & A. Roy Thurik, 1998. "On the use of disequilibrium models in applied microeconomic research and the value of sample separation information," Applied Economics, Taylor & Francis Journals, vol. 30(11), pages 1511-1530.
    • Handle: RePEc:taf:applec:v:30:y:1998:i:11:p:1511-1530
    DOI: 10.1080/000368498324850
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/000368498324850
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/000368498324850?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:30:y:1998:i:11:p:1511-1530. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.