Investigating the mutual relationship between happiness and productivity using logit probit regression (Case Study: LTU)

In this paper, we present a Weibull link (skewed) model for categorical response data arising from binomial as well as multinomial model. We show that, for such types of categorical data, the most commonly used models (logit, probit and complementary log–log) can be obtained as limiting cases. We further compare the proposed model with some other asymmetrical models. The Bayesian as well as fre...

This paper proposes an original and unified toolbox to evaluate financial crisis Early Warning Systems (EWS). It presents four main advantages. First, it is a model free method which can be used to asses the forecasts issued from different EWS (probit, logit, markov switching models, or combinations of models). Second, this toolbox can be applied to any type of crisis EWS (currency, banking, so...

Two issues that have become increasingly important while estimating the parameters of aggregate demand functions to study firm behavior are the endogeneity of marketing activities (typically, price) and heterogeneity across consumers in the market under consideration. Ignoring these issues in the estimation of the demand function parameters can lead to biased and inconsistent estimates for the ...

Corporate credit risk assessment decisions involve two major issues: the determination of the probability of default and the estimation of potential future benefits and losses for credit granting. The former issue is addressed by classifying the firms seeking credit into homogeneous groups representing different levels of credit risk. Classification/discrimination procedures commonly employed f...

Swiss metropolitan areas are comprised of a system of communities with considerable fiscal autonomy. This study investigates how the income tax differentials across communities in an urban area affect the households` location decisions. Data from the urban agglomeration of Basel for the year 1997 is used. This unique data set contains tax information from all households that moved either within...

An important theoretical problem for criminologists is an explanation for the robust positive correlation between prior and future criminal offending. Nagin and Paternoster (1991) have suggested that the correlation could be due to timestable population differences in the underlying proneness to commit crimes (population heterogeneity) andyor the criminogenic effect that crime has on social bon...

Logit and probit, the two most common techniques for estimation of models with a dichotomous dependent variable, impose the assumption that individuals with a probability of .5 of choosing either of two alternatives are most sensitive to changes in independent variables. This assumption is imposed by the estimation technique because both the logistic and normal density functions are symmetric a...