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作者：Smeulders, Bart; Cherchye, Laurens; De Rock, Bram
作者单位：Eindhoven University of Technology; KU Leuven; Universite Libre de Bruxelles
摘要：Kitamura and Stoye (2018) recently proposed a nonparametric statistical test for random utility models of consumer behavior. The test is formulated in terms of linear inequality constraints and a quadratic objective function. While the nonparametric test is conceptually appealing, its practical implementation is computationally challenging. In this paper, we develop a column generation approach to operationalize the test. These novel computational tools generate considerable computational gain...
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作者：Mu, Xiaosheng; Pomatto, Luciano; Strack, Philipp; Tamuz, Omer
作者单位：Princeton University; California Institute of Technology; Yale University
摘要：We study repeated independent Blackwell experiments; standard examples include drawing multiple samples from a population, or performing a measurement in different locations. In the baseline setting of a binary state of nature, we compare experiments in terms of their informativeness in large samples. Addressing a question due to Blackwell (1951), we show that generically an experiment is more informative than another in large samples if and only if it has higher Renyi divergences. We apply ou...
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作者：Bhattacharya, Debopam
作者单位：University of Cambridge
摘要：An important goal of empirical demand analysis is choice and welfare prediction on counterfactual budget sets arising from potential policy interventions. Such predictions are more credible when made without arbitrary functional-form/distributional assumptions, and instead based solely on economic rationality, that is, that choice is consistent with utility maximization by a heterogeneous population. This paper investigates nonparametric economic rationality in the empirically important contex...
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作者：Gieczewski, German
作者单位：Princeton University
摘要：This paper models the evolution of organizations that allow free entry and exit of members, such as cities and trade unions. In each period, current members choose a policy for the organization. Policy changes attract newcomers and drive away dissatisfied members, altering the set of future policymakers. The resulting feedback effects take the organization down a slippery slope that converges to a myopically stable policy, even if the agents are forward-looking, but convergence becomes slower ...
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作者：Agarwal, Nikhil; Ashlagi, Itai; Rees, Michael A.; Somaini, Paulo; Waldinger, Daniel
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Stanford University; University System of Ohio; University of Toledo; Stanford University; New York University
摘要：Waitlists are often used to ration scarce resources, but the trade-offs in designing these mechanisms depend on agents' preferences. We study equilibrium allocations under alternative designs for the deceased donor kidney waitlist. We model the decision to accept an organ or wait for a preferable one as an optimal stopping problem and estimate preferences using administrative data from the New York City area. Our estimates show that while some kidney types are desirable for all patients, there...
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作者：Grossman, Gene M.; McCalman, Phillip; Staiger, Robert W.
作者单位：Princeton University; Princeton University; National Bureau of Economic Research; University of Melbourne; Dartmouth College
摘要：What incentives do governments have to negotiate trade agreements that constrain their domestic regulatory policies? We study a model in which firms design products to appeal to local consumer tastes, but their fixed costs increase with the difference between versions of their product destined for different markets. In this setting, firms' profit-maximizing choices of product attributes are globally optimal in the absence of consumption externalities, but national governments have unilateral i...
