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作者：Beauchamp, Andrew
作者单位：Boston College; University System of Ohio; Wright State University Dayton
摘要：The U.S. abortion market has grown increasingly concentrated recently, while many states tightened abortion laws. Using data on abortion providers, I estimate an equilibrium model of demand, price competition, entry and exit, to capture the effect of regulation on industry dynamics. Estimates show regulations played an important role in determining the abortion market structure and evolution. Counterfactual simulations reveal increases in demand-aimed regulation were the most important observe...
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作者：Song, Minjae
摘要：In this article, I consider a new discrete choice model of differentiated product demand that distinguishes a brand-level differentiation from a product-level differentiation. The model is a hybrid of the random coefficient logit model of Berry etal. (Econometrica 63 (1995), 841-90) and the pure characteristics model of Berry and Pakes (International Economic Review 48 (2007), 1193-1225) and describes markets where firms offer multiple products of different qualities under the same brand name....
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作者：Eckstein, Zvi; Lifshitz, Osnat
作者单位：Reichman University; Academic College of Tel Aviv Yaffo
摘要：Are changing social norms affecting the employment rates of women? A model is built in which the employment of husbands and wives is the outcome of potentially exogenously determined three different types of household games: the Classical household, where the spouses play a Stackelberg leader game in which the wife's labor supply decision is based on her husband's employment outcome; the Modern household, which is characterized by a symmetric and simultaneous game solved as a Nash equilibrium,...
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作者：Fang, Hanming; Wang, Yang
作者单位：University of Pennsylvania; Lafayette College
摘要：We extend the semiparametric estimation method for dynamic discrete choice models using Hotz and Miller's (Review of Economic Studies 60 (1993), 497-529) conditional choice probability approach to the setting where individuals may have hyperbolic discounting time preferences and may be naive about their time inconsistency. We illustrate the proposed identification and estimation method with an empirical application of adult women's decisions to undertake mammography to evaluate the importance ...
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作者：Dillenberger, David; Segal, Uzi
作者单位：University of Pennsylvania; Boston University; University of Warwick
摘要：Machina (American Economic Review 99 (2009), 385-392; American Economic Review 104 (2014), 3814-40) lists a number of situations where Choquet expected utility, as well as other known models of ambiguity aversion, cannot capture plausible features of ambiguity attitudes. Most of these problems arise in choice over prospects involving three or more outcomes. We show that the recursive nonexpected utility model of Segal (International Economic Review 28 (1987), 175-202) is rich enough to accommo...
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作者：Armantier, Olivier; Boly, Amadou
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York
摘要：A prospect theory model combining loss aversion and diminishing sensitivity predicts that the link between incentives framing and effort is ambiguous: small penalties yield higher effort, but isomorphic contracts with large penalties decrease effort. We conduct two experiments (a framed field and a conventional lab experiment) in which economically equivalent contracts are framed as menus of either (i) bonuses, (ii) penalties, or (iii) bonuses and penalties. The experimental results confirm th...
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作者：Keane, Michael P.
作者单位：University of Oxford; University of New South Wales Sydney
摘要：I examine effects of labor income taxation in life-cycle models with human capital accumulation. In this case, the opportunity cost of time equals the wage plus returns to work experience. This has several interesting consequences: First, the data appear consistent with larger labor supply elasticities than prior work suggests. Second, contrary to conventional wisdom, permanent tax changes can have larger effects on current labor supply than temporary changes. Third, human capital dampens resp...
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作者：Pastorino, Elena
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
摘要：This article proposes a matching model of the labor market in the presence of uncertainty and learning about ability that provides a simple unified framework for analyzing the dynamics of jobs and wages within firms and in the labor market. The model allows for different degrees of generality of ability as well as speeds of learning across jobs and firms. Equilibrium assignments and wages are consistent with a broad range of empirical findings on careers, suggest a novel interpretation for wel...
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作者：Merlo, Antonio; Ortalo-Magne, Francois; Rust, John
作者单位：Rice University; University of Wisconsin System; University of Wisconsin Madison; Georgetown University
摘要：We formulate and solve the problem of a homeowner who wants to sell her house for the maximum possible price net of transactions costs. We estimate this model using data on transaction histories for 780 residential properties in England. The estimated model fits list price dynamics and other key features of the data. In particular, a tiny menu cost of changing the listing price, as little as ten thousandths of 1% of the house value, is sufficient to explain the high degree of stickiness of lis...
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作者：Bruze, Gustaf
作者单位：Aarhus University
摘要：A collective marriage matching model is estimated and calibrated to quantify the share of returns to schooling that is realized through marriage. The predictions of the model are matched with detailed Danish household data on the relationship between schooling and wage rates, the division of time and goods within the household, and the extent to which men and women sort positively on several traits in marriage. Counterfactual analysis conducted with the model suggests that Danish men and women...
