This paper proposes a subjective well-being approach to test the equilibrium condition implicit in hedonic pricing. Contrary to the conclusions of previous studies, we show that both approaches are not complementary but, ...
In recent years, economists have started using socio-economic and socio-demographic characteristics to explain self-reported individual happiness or satisfaction with life. Using data disaggregated at the individual and ...
Murphy, Anthony(University College Dublin. School of Economics, 1994-12)
Lagrange Multiplier tests for omitted variables , heteroscedasticity, incorrect functional form and asymmetry in the ordered logit model may be readily calculated using an artificial regression. The proposed artificial ...
This paper presents a comprehensive theoretical and methodological framework clarifying the relationship between non-market environmental valuation techniques, in particular hedonic and life-satisfaction methods. The paper ...
Murphy, Anthony(University College Dublin. School of Economics, 1994-12)
A simple and convenient LM test of normality in the bivariate probit model is derived. The alternative hypothesis is based on a form of truncated Gram Charlier Type series. The LM test may be calculated as an artificial ...
Murphy, Anthony(University College Dublin. School of Economics, 1994-07)
LM tests for omitted variables, neglected heteroscedasticity and other mis-specifications in general discrete choice models may be simply and conveniently calculated using an artificial regression. This artificial regression ...
Murphy, Anthony(University College Dublin. School of Economics, 1994-10)
Lagrange Multiplier (LM) tests for omitted variables, heteroscedasticity, incorrect functional form, and non-normality in the ordered probit model may be readily calculated using an artificial regression. The proposed ...
Murphy, Anthony(University College Dublin. School of Economics, 1994-07)
A convenient artifical regression based LM test of non-normality in the probit model is derived using a Gram Charlier type A alternative. The test is simply derived and may be extended to the bivariate probit case. The ...
Murphy, Anthony(University College Dublin. School of Economics, 1994-10)
A simple and convenient artificial regression based LM tests of asymmetry in the logit model is derived. The test does not use the outer product gradient (OPG) form and in thus likely to have fairly good small sample properties.
Random field regression models provide an extremely flexible way to investigate
nonlinearity in economic data. This paper introduces a new approach to interpreting such models, which may allow for improved inference about ...