• Title/Summary/Keyword: heckman-type two-stage method

Search Result 3, Processing Time 0.117 seconds

An Analysis of the Amount of Willingness to Pay for Environment-friendly Agricultural Processed Foods by the Level of Consumption Intention (친환경농산물가공식품 소비의향 수준별 지불의향금액 분석)

  • Jeong, Hak-Kyun;Han, Jae-Hwan
    • Korean Journal of Organic Agriculture
    • /
    • v.26 no.4
    • /
    • pp.543-558
    • /
    • 2018
  • The purpose of this study is to analyze the amount of willingness to pay for environment-friendly agricultural processed foods by the level of consumption intention. To accomplish the objective of the study a consumer survey was conducted for quantitative analysis regarding consumption pattern. The ordered-probit selection model, Heckman-type two-stage method was employed for an empirical analysis on determining the amount of willingness to pay. The estimation results showed that in the case of consumers who are to keep their consumption at the present level, those with high quality contentment compared to price, brand contentment, and purchasing chiefly in the special store, have the higher amount of willingness. The estimation results also showed that in the case of consumers who are to increase their consumption, those with high quality contentment compared to price, brand contentment, certificate contentment, and having family members who suffer from diseases such as atopy, cancer, diabetes, high blood pressure, have the higher amount of willingness. Therefore For those who are to increase their consumption, enhancement of quality, enhancement of contentment with certificate, promotion are useful to increase the amount of willingness to pay.

Unbiasedness or Statistical Efficiency: Comparison between One-stage Tobit of MLE and Two-step Tobit of OLS

  • Park, Sun-Young
    • International Journal of Human Ecology
    • /
    • v.4 no.2
    • /
    • pp.77-87
    • /
    • 2003
  • This paper tried to construct statistical and econometric models on the basis of economic theory in order to discuss the issue of statistical efficiency and unbiasedness including the sample selection bias correcting problem. Comparative analytical tool were one stage Tobit of Maximum Likelihood estimation and Heckman's two-step Tobit of Ordinary Least Squares. The results showed that the adequacy of model for the analysis on demand and choice, we believe that there is no big difference in explanatory variables between the first selection model and the second linear probability model. Since the Lambda, the self- selectivity correction factor, in the Type II Tobit is not statistically significant, there is no self-selectivity in the Type II Tobit model, indicating that Type I Tobit model would give us better explanation in the demand for and choice which is less complicated statistical method rather than type II model.

The Earnings Effect of Inter-Industry Technology Differences : A Comparison of the Self-Employed and Wage Earners (산업간 기술격차가 근로소득에 미치는 영향: 자영업과 임금근로의 비교)

  • Choi, Kang-Shik;Jung, Jin Hwa
    • Journal of Labour Economics
    • /
    • v.33 no.2
    • /
    • pp.135-164
    • /
    • 2010
  • This paper compares the earnings effect of inter-industry technology differences between the self-employed and wage earners. It is assumed that primary skills utilized by the self-employed and paid workers differ in nature, and thus the earnings effect of technology differences and its skill-biasness also differ for each type of workers. For the empirical analysis. Heckman's two-stage method and quantile regressions are fitted to Korean panel data. The earnings effect of technology differences turns skill- biased for wage earners (job-specific skills), but prevails for all self-employed workers (entrepreneurial skills) regardless of their schooling level. This sectoral difference holds for each different quantile of earnings distribution.

  • PDF