-
作者：Athey, S; Haile, PA
作者单位：Stanford University; University of Wisconsin System; University of Wisconsin Madison
摘要：This paper presents new identification results for models of first-price, second-price, ascending (English), and descending (Dutch) auctions. We consider a general specification of the latent demand and information structure, nesting both private values and common values models, and allowing correlated types as well as ex ante asymmetry. We address identification of a series of nested models and derive testable restrictions enabling discrimination between models on the basis of observed data. ...
-
作者：Blomquist, S; Newey, W
作者单位：Uppsala University; Massachusetts Institute of Technology (MIT)
摘要：Choice models with nonlinear budget sets provide a precise way of accounting for the nonlinear tax structures present in many applications. In this paper we propose a nonparametric approach to estimation of these models. The basic idea is to think of the choice, in our case hours of labor supply, as being a function of the entire budget set. Then we can do nonparametric regression where the variable in the regression is the budget set. We reduce the dimensionality of this problem by exploiting...
-
作者：Dahl, GB
作者单位：University of Rochester
摘要：Self-selected migration presents one potential explanation for why observed returns to a college education in local labor markets vary widely even though U.S. workers are highly mobile. To assess the impact of self-selection on estimated returns, this paper first develops a Roy model of mobility and earnings where workers choose in which of the 50 states (plus the District of Columbia) to live and work. Available estimation methods are either infeasible for a selection model with so many alter...
-
作者：Hu, LJ
作者单位：Northwestern University; Northwestern University
-
作者：Hofbauer, J; Sandholm, WH
作者单位：University of Vienna; University of Wisconsin System; University of Wisconsin Madison
摘要：We establish global convergence results for stochastic fictitious play for four classes of games: games with an interior ESS, zero sum games, potential games, and supermodular games. We do so by appealing to techniques from stochastic approximation theory, which relate the limit behavior of a stochastic process to the limit behavior of a differential equation defined by the expected motion of the process. The key result in our analysis of supermodular games is that the relevant differential eq...
