OPTIMAL STOCK FLOW PANELS

Authors
LANCASTER T IMBENS G
Citation
T. Lancaster et G. Imbens, OPTIMAL STOCK FLOW PANELS, Journal of econometrics, 66(1-2), 1995, pp. 325-348
Citations number
15
Categorie Soggetti
Social Sciences, Mathematical Methods",Economics,"Mathematical, Methods, Social Sciences
Journal title
Journal of econometrics → ACNP
ISSN journal
03044076
Volume
66
Issue
1-2
Year of publication
1995
Pages
325 - 348
Database
ISI
SICI code
0304-4076(1995)66:1-2<325:OSFP>2.0.ZU;2-D
Abstract
A stock/flow panel is a way of sampling a population of agents moving through a collection of discrete states. The scheme is to form separat e samples of the residents of each state - the stocks - and of those m oving between states - the flows. We calculate optimal stock/flow samp ling schemes and provide efficient estimators of the transition intens ities in the particular case of an alternating Poisson process. We als o compute the efficiency gains compared to randomly sampled panels.