Linear probability models of the demand for attributes with an empirical application to estimating the preferences of legislators
The voting inclinations of legislators are not mainly based on their ideology. Voting choices are more often based on specific issues. An empirical model is formulated based on the given setting. Two ways justify the binary discrete choice model. One, it is a distinct characterization of a random-utility models category. Second, it acts as a distinct model of any discrete-preference model according to unobserved characteristics. The second model is more applicable in a wide range of groups in a given political economy.
Publication Name: RAND Journal of Economics
Why does the cyclical behavior of real wages change over time?
Business cycle model is used to analyze the cyclic behavior of real wages in procyclical and postwar era in the United States.
Publication Name: American Economic Review
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