Empirical Methods for Microeconomic Applications

William Greene

Department of Economics

Stern School of Business

Lab 3. Useful Tools

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Tools

• Model and Function Simulator• Partial Effects for Models and Functions• Standard Errors for Functions of

Parameters• Delta Method• Krinsky and Robb

• Bootstrapping Estimators

SAMPLE ; 1-840 $PROCEDURE $CLOGIT ; Lhs=mode ; Choices=air,train,bus,car ; Rhs=invt,invc,gc,ttme;Rh2=one,hinc $CALC ; wtp = b(1)/b(2)ENDPROC $EXECUTE ; n=100 ; bootstrap=wtp ; group = 4 ; histogram $