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	Provedor de dados AgEcon (1) Autor Barrett, Christopher B. (1) Ehui, Simeon K. (1) Holloway, Garth J. (1) Palavra-chave C34 (1) Censored regression. (1) D1 (1) Double-hurdle model (1) Financial Economics (1) Fixed costs (1) Market participation (1) O1 (1) O11 (1) O13 (1) Q16 (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 2002 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última BAYES' ESTIMATES OF THE DOUBLE HURDLE MODEL IN THE PRESENCE OF FIXED COSTS AgEcon Holloway, Garth J.; Barrett, Christopher B.; Ehui, Simeon K.. We present a model of market adoption (participation) where the presence of non-negligible fixed costs leads to non-zero censoring of the traditional double-hurdle regression. Fixed costs arise due to household resources that must be devoted a priori to the decision to participate in the market. These costs-usually a cost of time-motivate two-step decision-making and focus attentions on the minimum-efficient scale of operations (the minimum amount of milk sales) at which market entry becomes viable. This focus, in turn, motivates a non-zero-censored Tobit regression estimated through routine application of Markov chain Monte Carlo Methods. Tipo: Working or Discussion Paper Palavras-chave: Market participation; Fixed costs; Double-hurdle model; Censored regression.; Financial Economics; O1; O11; C34; O13; Q16; D1. Ano: 2002 URL: http://purl.umn.edu/14741 Registros recuperados: 1 Primeira ... 1 ... Última

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