-
NONPARAMETRIC ESTIMATION OF ENTRY COST IN FIRST-PRICE PROCUREMENT AUCTIONS (r...
In this paper, I investigate Samuelson's low-price auction model with entry costs. The model's equilibrium implies that the distribution of bids is truncated at the threshold... -
FACTOR ANALYSIS OF A LARGE DSGE MODEL (replication data)
We study the workings of the factor analysis of high-dimensional data using artificial series generated from a large, multi-sector dynamic stochastic general equilibrium (DSGE)... -
Estimation of Treatment Effects without an Exclusion Restriction: with an App...
The increase in childhood obesity has garnered the attention of many in policymaking circles. Consequently, school nutrition programs such as the School Breakfast Program (SBP)... -
COMPARING ALTERNATIVE MODELS OF HETEROGENEITY IN CONSUMER CHOICE BEHAVIOR (re...
When modeling demand for differentiated products, it is vital to adequately capture consumer taste heterogeneity, But there is no clearly preferred approach. Here, we compare... -
PANEL PROBIT WITH FLEXIBLE CORRELATED EFFECTS: QUANTIFYING TECHNOLOGY SPILLOV...
In this paper, we introduce a Bayesian panel probit model with two flexible latent effects: first, unobserved individual heterogeneity that is allowed to vary in the population... -
NON-LINEAR DSGE MODELS AND THE CENTRAL DIFFERENCE KALMAN FILTER (replication ...
This paper introduces a quasi maximum likelihood approach based on the central difference Kalman filter to estimate non-linear dynamic stochastic general equilibrium (DSGE)... -
A comprehensive look at financial volatility prediction by economic variables...
We investigate whether return volatility is predictable by macroeconomic and financial variables to shed light on the economic drivers of financial volatility. Our approach is...
