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作者：Cunha, Flavio; Heckman, James J.; Schennach, Susanne M.
作者单位：University of Pennsylvania; University of Chicago; University College Dublin; University of Chicago
摘要：This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and stocks of skills in that period to assess the benefits of early investment in children compared to later remediation. We establish nonparametric identification of a general class of production technolog...
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作者：Ashlagi, Itai; Braverman, Mark; Hassidim, Avinatan; Monderer, Dov
作者单位：Harvard University; Microsoft; Massachusetts Institute of Technology (MIT); Technion Israel Institute of Technology
摘要：Consider an environment with a finite number of alternatives, and agents with private values and quasilinear utility functions. A domain of valuation functions for an agent is a monotonicity domain if every finite-valued monotone randomized allocation rule defined on it is implementable in dominant strategies. We fully characterize the set of all monotonicity domains.
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作者：Chesher, Andrew
作者单位：University of London; University College London
摘要：Single equation instrumental variable models for discrete outcomes are shown to be set identifying, not point identifying, for the structural functions that deliver the values of the discrete outcome. Bounds on identified sets are derived for a general nonparametric model and sharp set identification is demonstrated in the binary outcome case. Point identification is typically not achieved by imposing parametric restrictions. The extent of an identified set varies with the strength and support...
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作者：Pakes, A.
作者单位：Harvard University
摘要：Behavioral choice models generate inequalities which, when combined with additional assumptions, can be used as a basis for estimation. This paper considers two sets of such assumptions and uses them in two empirical examples. The second example examines the structure of payments resulting from the upstream interactions in a vertical market. I then mimic the empirical setting for this example in a numerical analysis which computes actual equilibria, examines how their characteristics vary with...
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作者：Bergemann, Dirk; Valimaki, Juuso
作者单位：Yale University; Aalto University
摘要：We develop the dynamic pivot mechanism in detail for a repeated auction of a single object in which each bidder learns over time her true valuation of the object. The dynamic pivot mechanism here is equivalent to a modified second price auction.
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作者：Bruhin, Adrian; Fehr-Duda, Helga; Epper, Thomas
作者单位：University of Zurich; Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：It has long been recognized that there is considerable heterogeneity in individual risk taking behavior, but little is known about the distribution of risk taking types. We present a parsimonious characterization of risk taking behavior by estimating a finite mixture model for three different experimental data sets, two Swiss and one Chinese, over a large number of real gains and losses. We find two major types of individuals: In all three data sets, the choices of roughly 80% of the subjects ...
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作者：Chassang, Sylvain
作者单位：Princeton University
摘要：This paper develops a framework to assess how fear of miscoordination affects the sustainability of cooperation. Building on theoretical insights from Carlsson and van Damme (1993), it explores the effect of small amounts of private information on a class of dynamic cooperation games with exit. Lack of common knowledge leads players to second guess each other's behavior and makes coordination difficult. This restricts the range of equilibria and highlights the role of miscoordination payoffs i...
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作者：Beare, Brendan K.
作者单位：University of California System; University of California San Diego
摘要：An emerging literature in time series econometrics concerns the modeling of potentially nonlinear temporal dependence in stationary Markov chains using copula functions. We obtain sufficient conditions for a geometric rate of mixing in models of this kind. Geometric beta-mixing is established under a rather strong sufficient condition that rules out asymmetry and tail dependence in the copula function. Geometric -mixing is obtained under a weaker condition that permits both asymmetry and tail ...
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作者：Heckman, James J.; Matzkin, Rosa L.; Nesheim, Lars
作者单位：University of Chicago; Yale University; University of California System; University of California Los Angeles; University of London; University College London
摘要：This paper studies the identification and estimation of preferences and technologies in equilibrium hedonic models. In it, we identify nonparametric structural relationships with nonadditive heterogeneity. We determine what features of hedonic models can be identified from equilibrium observations in a single market under weak assumptions about the available information. We then consider use of additional information about structural functions and heterogeneity distributions. Separability cond...
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作者：Martins-da-Rocha, V. Filipe; Vailakis, Yiannis
作者单位：Getulio Vargas Foundation; University of Exeter
摘要：This paper proves the existence and uniqueness of a fixed point for local contractions without assuming the family of contraction coefficients to be uniformly bounded away from 1. More importantly it shows how this fixed-point result can apply to study the existence and uniqueness of solutions to some recursive equations that arise in economic dynamics.
