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Maximum likelihood estimator for the uneven power distribution: application to DJI returns
(2010-05-08)This paper deals with estimating peaked densities over the interval [0,1] using the Un-even Two-Sided Power Distribution (UTP). This distribution is the most complex of all the bounded power distributions introduced by ... -
Choosing from multiple alternatives in cost-effectiveness analysis with fuzzy willingness-to-pay/accept and uncertainty
(2016-04)Cost-effectiveness analysis of medical technologies requires valuing health, an uneasy task, as confirmed by variability of published estimates. Treating the willingness-to-pay/accept (WTP/WTA) as fuzzy seems an intuitive ... -
Estimating the membership function of the fuzzy willingness-to-pay/accept for health via Bayesian modelling
(2016-05)Determining how to trade off individual criteria is often not obvious, especially when attributes of very different nature are juxtaposed, e.g. health and money. The difficulty stems both from the lack of adequate market ... -
Smets and Wouters model estimated with skewed shocks - empirical study of forecasting properties
(2016-12)In this paper we estimate a Smets and Wouters (2007) model with shocks following a closed skew normal distribution (csn) introduced in Gonzalez-Farias et al. (2004), which nests a normal distribution as a special case. In ...