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This makes bank risk exposure an endogenous choice.
The framework can be generalized to a model of endogenous choice of informality.
This instrumental variable should correct the biases from endogenous choice of timing and location of graduation conditional on the highest degree attained.
The major problem when using a spatial approach for estimating the displacement effects is the endogenous choice of regions by the migrants.
In particular, we ignore the possibility that platforms will make an endogenous choice of quality, which in turn, would imply the presence of endogenous fixed costs.
See González-Maestre and Martínez-Sánchez (2012) for the analysis of a broadcasting duopoly and the endogenous choice of platform quality.
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The other is their decision to use ATMs or keep the accounts "dormant," which reflects endogenous choices.
Because λ1 is unobservable to the econometrician, it will be a source of error in equations explaining the endogenous choices of human capital and occupation.
An analysis shows, however, that the methodology presents distortions that favor the competitiveness of power plants with higher variable costs, and also that it is subject to endogenous choices of the auctioneer, with huge differences between auction numbers and performed numbers.
5 More recently, Cavalcanti and Rodrigues dos Santos (2015) develop an equilibrium model with endogenous occupational choice among the public and the private sectors, in which a public-private earnings premium is characterized.
Short and long term analyses can be conducted, the latter with endogenous investment choices.
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