Asymmetric Simple Exclusion Processes (ASEPs) provide a fundamental framework for understanding non-equilibrium systems. These models describe particles that hop in a preferred direction on a lattice ...

We consider the application of Markov chain Monte Carlo (MCMC) estimation methods to random-effects models and in particular the family of discrete time survival models. Survival models can be used in ...

Monte Carlo simulations predict investment risks and rewards using varied scenarios. You can operate Monte Carlo simulations with tools like online calculators and spreadsheets. These simulations aid ...

This is a preview. Log in through your library . Abstract The practice of comparing alternative models is very common in applied econometrics and often involves non—nested specifications as well as ...