Authors: Behl, Peter
Dette, Holger
Frondel, Manuel
Vance, Colin
Title: A focused information criterion for quantile regression: Evidence for the rebound effect
Language (ISO): en
Abstract: In contrast to conventional model selection criteria, the Focused Information Criterion (FIC) allows for the purpose-specific choice of model specifications. This accommodates the idea that one kind of model might be highly appropriate for inferences on a particular focus parameter, but not for another. Using the FIC concept that is developed by BEHL, CLAESKENS and DETTE (2014) for quantile regression analysis, and the estimation of the rebound effect in individual mobility behavior as an example, this paper provides for an empirical application of the FIC in the selection of quantile regression models.
Subject Headings: information criteria
price elasticities
fuel efficiency
Issue Date: 2016
Appears in Collections:Sonderforschungsbereich (SFB) 823

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