ERIM homePeople

R. (Richard) Paap

Full Professor

Richard Paap
Slide 1 Slide 2

Professor of Econometrics

Programme:
Marketing
ERIM Membership:
Member ERIM, affiliated since 1999
Profile

Richard Paap is a professor of Econometrics at Econometric Institute, Erasmus School of Economics (ESE). He obtained his PhD from the same school in 1997.



His research concerns the application of econometric models in marketing and macroeconomics using Bayesian and frequentist approaches. He has publications in several major econometric, economic and marketing journals and he is coauthor of the book Quantitative Models in Marketing Research.



He is currently the coordinator of the bachelor program Econometrics and Operations Research and the master program Econometrics.

Work in progress (2)
  • Lourenço, C.J.S. da, Gijsbrechts, E. & Paap, R. (2014). The Impact of Category Prices on Store Price Image Formation: Conceptual Framework and Empirical Evidence.
  • Hauwe, S. van den, Paap, R. & Dijk, D.J.C. van (2011). Bayesian forecasting of federal funds target rate decisions. Rotterdam: Tinbergen Institute Discussion Paper No. 11-093/4.
Publications (66)
  • Articles (57)
    • Fok, D., Paap, R. & Franses, P.H.B.F. (2014). Incorporating Responsiveness to Marketing Effort in Brand Choice Modeling. econometrics, 2, 20-44.
    • Cakmakli, C., Paap, R. & Dijk, D.J.C. van (2013). Measuring and predicting heterogeneous recessions. Journal of Economic Dynamics and Control, 37, 2195-2216.
    • Groen, J.J.J., Paap, R. & Ravazzolo, F. (2013). Real-time Inflation Forecasting in a Changing World. Journal of Business and Economic Statistics, 31(1), 29-44.
    • Hauwe, S. van den, Paap, R. & Dijk, D.J.C. van (2013). Bayesian forecasting of federal funds target rate decisions. Journal of Macroeconomics, 37, 19-40.
    • Paap, R. & Franses, P.H.B.F. (2013). Common Large Innovations Across Nonlinear Time Series. Studies in Nonlinear Dynamics and Econometrics, 17, 251-263.
    • Basturk, N., Paap, R. & Dijk, D.J.C. van (2012). Structural differences in economic growth: An endogenous clustering approach. Applied Economics, 44(1), 119-134.[go to publisher's site]
    • Fidrmuc, J., Paap, R., Roosenboom, P.G.J. & Teunissen, T. (2012). One size does not fit all: Selling firms to private equity versus strategic acquirers. Journal of Corporate Finance, 18(4), 828-848.[go to publisher's site]
    • Fok, D., Paap, R. & Dijk, A. van (2012). A Rank-Ordered Logit Model with Unobserved Heterogeneity in Ranking Capabilities. Journal of Applied Econometrics, 27(5), 831-846.
    • Fok, D., Paap, R. & Franses, P.H.B.F. (2012). Modeling Dynamic Effects of Promotion on Interpurchase Times. Computational Statistics & Data Analysis, 56(11), 3055-3069.
    • Geweke, J.F., Koop, G. & Paap, R. (2012). Editorial Introduction for the Annals Issue of the Journal of Econometrics on Bayesian Models, Methods and Applications. Journal of Econometrics, 171(2), 99-100.
    • Paap, R. & Horvath, Cs. (2012). The effect of recessions on gambling expenditures. Journal of Gambling Studies, 28, 703-717.
    • Dijk, A. van, Franses, P.H.B.F., Paap, R. & Dijk, D.J.C. van (2011). Modeling Regional House Prices. Applied Economics, 43(17), 2097-2110.[go to publisher's site]
    • Franses, P.H.B.F. & Paap, R. (2011). Random-coefficient Periodic Autoregressions. Statistica Neerlandica, 65(1), 101-115.[go to publisher's site]
    • Horvath, C., Guenther, A. & Paap, R. (2010). Seasonal patterns in slot-machine gambling in Germany. International Gambling Studies, 10(3), 255-268.
    • Nierop, J.E.M. van, Bronnenberg, B., Paap, R., Franses, P.H.B.F. & Wedel, M. (2010). Retrieving Unobserved Consideration Sets from Household Panel Data. Journal of Marketing Research, 47(1), 63-74.[go to publisher's site]
    • Boer, P.M.C. de & Paap, R. (2009). Testing non-nested demand relations: linear expenditure system versus indirect addilog. Statistica Neerlandica, 63(3), 368-384.
    • Chintagunta, P., Franses, P.H.B.F. & Paap, R. (2009). Introduction to the Special Issue on New Econometric Models in Marketing. Journal of Applied Econometrics, 24(3), 375-376.
    • Fok, D. & Paap, R. (2009). Modeling category-level purchase timing with brand-level marketing variables. Journal of Applied Econometrics, 24(3), 469-489.
    • Paap, R., Segers, R. & Dijk, D.J.C. van (2009). Do leading indicators lead peaks more than troughs? Journal of Business and Economic Statistics, 27(4), 528-543.
    • Brouwer, J., Paap, R. & Viaene, J.M.A. (2008). The trade and FDI effects of EMU enlargement. Journal of International Money and Finance, 27(2), 188-208.[go to publisher's site]
    • Dijk, B. van & Paap, R. (2008). Explaining individual response using aggregated data. Journal of Econometrics, 146(1), 1-9.
    • Franses, P.H.B.F., Leij, M.J. van der & Paap, R. (2008). A Simple Test for GARCH Against a Stochastic Volatility Model. Journal of Financial Econometrics, 6(3), 291-306.
    • Fok, D., Franses, P.H.B.F. & Paap, R. (2007). Seasonality and non-linear price effects in scanner-data based market-response models. Journal of Econometrics, 138(1), 231-251.
    • Geweke, J.F., Groenen, P.J.F., Paap, R. & Dijk, H.K. van (2007). Computational techniques for applied econometric analysis of macroeconomic and financial processes. Computational Statistics & Data Analysis, 51(7), 3506-3507.
    • Bijwaard, G.E., Franses, P.H.B.F. & Paap, R. (2006). Modeling purchases as repeated events. Journal of Business and Economic Statistics, 24(4), 487-502.
    • Donkers, B., Paap, R., Jonker, J.J. & Franses, P.H.B.F. (2006). Deriving Target Selection Rules from Endogenously Selected Samples. Journal of Applied Econometrics, 21(5), 549-562.
    • Fok, D., Horvath, Cs., Paap, R. & Franses, P.H.B.F. (2006). A hierarchical Bayes error correction model to explain dynamic effects of price changes. Journal of Marketing Research, 43(3), 443-461.
    • Kleibergen, F.R. & Paap, R. (2006). Generalized reduced rank tests using the singular value decomposition. Journal of Econometrics, 133(1), 97-126.
    • Paap, R., Franses, P.H.B.F. & Dijk, D.J.C. van (2005). Does Africa grow slower than Asia, Latin America and the Middle East? Evidence from a new data-based classification method. Journal of Development Economics, 77(2), 553-570.
    • Paap, R., Nierop, E. van, Heerde, H.J. van, Wedel, M., Franses, P.H.B.F. & Alsem, K.J. (2005). Consideration sets, intentions and the inclusion of "don't know" in a two-stage model for voter choice. International Journal of Forecasting, 21(1), 53-71.
    • Franses, P.H.B.F., Paap, R. & Vroomen, B.L.K. (2004). Forecasting unemployment using an autoregression with censored latent effects parameters. International Journal of Forecasting, 20(2), 255-271.
    • Kippers, J., Nierop, E., Paap, R. & Franses, P.H.B.F. (2003). An empirical study of cash payments. Statistica Neerlandica, 57(4), 484-508.
    • Paap, R. & Dijk, H.K. van (2003). Bayes estimates of Markov trends in possibly cointegrated series: an application to U.S. consumption and income. Journal of Business and Economic Statistics, 21(4), 547-563.
    • Dijk, D.J.C. van, Franses, P.H.B.F. & Paap, R. (2002). A nonlinear long memory model, with an application to US unemployment. Journal of Econometrics, 110(2), 135-165.
    • Franses, P.H.B.F., Leij, M.J. van der & Paap, R. (2002). Modelling and forecasting level shifts in absolute returns. Journal of Applied Econometrics, 17(5), 606-616.
    • Franses, P.H.B.F. & Paap, R. (2002). Censored latent effects autoregression, with an application to us unemployment. Journal of Applied Econometrics, 17, 347-366.
    • Kippers, J., Franses, P.H.B.F., Nierop, J.E.M. van & Paap, R. (2002). Hoe betalen we eigenlijk? Economisch-Statistische Berichten, 87, 847-850.
    • Kleibergen, F.R. & Paap, R. (2002). Priors, posteriors and bayes factors for a Bayesian analysis of cointegration. Journal of Econometrics, 111(2), 223-249.
    • Paap, R. (2002). What are the advantages of MCMC based inference in latent variable models? Statistica Neerlandica, 56(1), 2-22.
    • Franses, P.H.B.F. & Paap, R. (2000). Modelling day-of-the- week seasonality in the S&P 500 index. Applied Financial Economics, 10, 483-488.
    • Franses, P.H.B.F. & Paap, R. (2000). Modeling day-of-the=week seasonality in the S&P 500 index. Applied Financial Economics, 10, 483-488.
    • Paap, R. & Franses, P.H.B.F. (2000). A dynamic multinomial probit model for brand choice with different long-run and short-run effects of marketing-mix variables. Journal of Applied Econometrics, 15(6), 717-744.
    • Franses, P.H.B.F. & Paap, R. (1999). Does seasonal adjustment influence the dating if business cycle turning points? Journal of Macroeconomics, 21, 79-92.
    • Franses, P.H.B.F. & Paap, R. (1999). On trends and constants in periodic autoregressions. Econometric Reviews, 18, 271-286.
    • Franses, P.H.B.F. & Paap, R. (1999). Does seasonality influence the dating of business cycle turning points? Journal of Macroeconomics, 21, 79-92.
    • Paap, R. & Dijk, H.K. van (1999). Posterior evidence on the Permanent Income Hypothesis. Bullettin EU & US Inflation and Macroeconomic Analysis, 58, 48-52.
    • Paap, R. & Dijk, H.K. van (1998). Distribution and mobility of wealth of nations. European Economic Review, 42, 1269-1293.
    • Paap, R. & Dijk, H.K. van (1998). Distribution and mobility of wealth of nations. European Economic Review, 42, 1269-1293.
    • Franses, P.H.B.F., Hoek, H. & Paap, R. (1997). Bayesian analysis of seasonal unit roots and seasonal mean shifts. Journal of Econometrics, 78, 359-380.
    • Franses, P.H.B.F., Hoek, H. & Paap, R. (1997). Mean shifts, unit roots and forecasting seasonal time series. International Journal of Forecasting, 13, 355-366.
    • Franses, P.H.B.F., Hoek, H. & Paap, R. (1997). Bayesian analysis of seasonal unit roots and seasonal mean shifts. Journal of Econometrics, 78, 359-380.
    • Paap, R., Franses, P.H.B.F. & Hoek, H. (1997). Mean shifts, unit roots and forecasting seasonal time series. International Journal of Forecasting, 13, 355-378.
    • Franses, P.H.B.F. & Paap, R. (1996). Periodic integration: further results on model selection and forecasting. Statistische Hefte, 37, 33-52.
    • Franses, P.H.B.F. & Paap, R. (1995). Moving average filters and periodic integration. Mathematics and Computers in Simulation, 39, 245-249.
    • Franses, P.H.B.F. & Paap, R. (1995). Seasonality and stochastic trends in German consumption and income. Empirical Economics (Heidelberg), 20, 109-132.
    • Franses, P.H.B.F. & Paap, R. (1994). Model selection in periodic autoregressions. Oxford Bulletin of Economics and Statistics, 56, 421-439.
    • Franses, P.H.B.F. & Paap, R. (1994). Moving average filters and periodic integration. Mathematics and Computers in Simulation.
  • Books (2)
    • Franses, P.H.B.F. & Paap, R. (2004). Periodic time series models (Advanced texts in econometrics). Oxford: Oxford University Press.
    • Franses, P.H.B.F. & Paap, R. (2001). Quantitative models in marketing research. Cambridge: Cambridge University Press.
  • Book contributions (5)
    • Paap, R. & Dijk, H.K. van (2008). Distribution and Mobility of Wealth of Nations. In D. Chotikapanich (Ed.), Modeling Income Distributions and Lorenz Curves (pp. 71-94). New York: Springer.
    • Ravazzolo, F., Paap, R., Dijk, D.J.C. van & Franses, P.H.B.F. (2008). Bayesian model averaging in the presence of structural breaks. In M. Wohar & D.E. Rapach (Eds.), Forecasting in the Presence of Structural Breaks and Model Uncertainty (Frontiers of Economics and Globalization, 3) (pp. 561-594). Bingley: Emerald Group Publishing.
    • Fok, D., Franses, P.H.B.F. & Paap, R. (2006). Performance of seasonal adjustment procedures: simulation and empirical results. In T.C. Mills & K. Patterson (Eds.), Palgrave Handbook of Econometrics, Volume 1, Econometric Theory (pp. 1035-1055). Basingstoke: Palgrave MacMillan.
    • Fok, D., Franses, P.H.B.F. & Paap, R. (2002). Econometric analysis of the market share attraction model. In P.H.B.F. Franses & A.L. Montgomery (Eds.), Advances in econometrics: Econometric models in marketing, chapter 10 (Advances in Econometrics, 16) (pp. 223-256). Amsterdam: JAI Press.
    • Franses, P.H.B.F. & Paap, R. (2002). Forecasting with periodic autoregressive time-series models. In M.P. Clements & D.F. Hendry (Eds.), A companion to economic forecasting (pp. 432-452). Oxford: Blackwell Publishers Ltd.
  • Inaugural speech
    • Paap, R. (2011). Laten we het elkaar nog moeilijker maken. Oratie (2011, januari 21). Rotterdam: Erasmus Universiteit.
  • Doctoral thesis
    • Paap, R. (1997, November 27). Markov trends in macroeconomic time series. Erasmus University Rotterdam (168 pag.). Prom./coprom.: H.K. van Dijk.
Recognitions (4)
  • Editorial position (2)
    Journal Statistica Neerlandica
    Role Associate Editor
    Start date 01-11-2002

    Role Associate Editor
    Start date 01-10-2008

  • ERIM Awards (2)
    Name ERIM Book Award
    Year 2003
    Website http://www.erim.eur.nl/index.php?id=10022

    Name ERIM Award for 'Outstanding Performance by a Young Researcher'
    Year 2002
    Website http://www.erim.eur.nl/index.php?id=10026

PhD Projects (2)

Marketing Modeling for New Products

Carlos Hernandez Mireles
PhD Candidate: Carlos Hernandez Mireles Role: Co-supervisor Defended: 29 June 2010 Full text: Download this thesis
 

Advanced Econometric Marketing Models

Dennis Fok
PhD Candidate: Dennis Fok Role: Co-supervisor Defended: 06 November 2003 Full text: Download this thesis
 
Events (3)
Apr 15, 2011 Workshop Reliability and Rankings
  ERIM Research Seminar | Marketing

Jan 21, 2011 Let's Make Things More Difficult
  ERIM Inaugural Address Research in Management Series | Marketing

May 29, 2009 Workshop on Advanced Bayesian Inference
  ERIM Research Workshop | Marketing

Visiting address
Office: H11-17
Burgemeester Oudlaan 50
3062 PA, Rotterdam
Netherlands
Postal address
Postbus 1738
3000 DR, Rotterdam
Netherlands
 

Work in progress

  • Lourenço, C.J.S. da, Gijsbrechts, E. & Paap, R. (2014). The Impact of Category Prices on Store Price Image Formation: Conceptual Framework and Empirical Evidence.
  • Hauwe, S. van den, Paap, R. & Dijk, D.J.C. van (2011). Bayesian forecasting of federal funds target rate decisions. Rotterdam: Tinbergen Institute Discussion Paper No. 11-093/4.

Latest publication

Fok, D., Paap, R. & Franses, P.H.B.F. (2014). Incorporating Responsiveness to Marketing Efforts in Brand Choice Modeling. (EI reprint serie EI=1615). Rotterdam: Econometric Institute.

Latest news

The Entrepreneurial Process: An International Analysis of Entry and Exit

Under which conditions do individuals decide to become entrepreneurs? And when do they decide to cease their entrepreneurial activities? In his dissertation, Peter van der Zwan answers these questions. His findings are…

Print