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作者：Esponda, Ignacio; Vespa, Emanuel
作者单位：University of California System; University of California Santa Barbara
摘要：Accounting for sample selection is a challenge not only for empirical researchers, but also for the agents populating our models. Yet most models abstract from these issues and assume that agents successfully tackle selection problems. We design an experiment where a person who understands selection observes all the data required to account for it. Subjects make choices under uncertainty and their choices reveal valuable information that is biased due to the presence of unobservables. We find ...
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作者：Fox, Jeremy T.
作者单位：Rice University; National Bureau of Economic Research
摘要：I explore the estimation of transferable utility matching games, encompassing many-to-many matching, marriage, and matching with trading networks (trades). Computational issues are paramount. I introduce a matching maximum score estimator that does not suffer from a computational curse of dimensionality in the number of agents in a matching market. I apply the estimator to data on the car parts supplied by automotive suppliers to estimate the valuations from different portfolios of parts to su...
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作者：Kovarik, Jaromir; Mengel, Friederike; Gabriel Romero, Jose
作者单位：University of Basque Country; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; Charles University Prague; University of Essex; Universidad de Santiago de Chile
摘要：We report the findings of experiments designed to study how people learn in network games. Network games offer new opportunities to identify learning rules, since on networks (compared to, e.g., random matching) more rules differ in terms of their information requirements. Our experimental design enables us to observe both which actions participants choose and which information they consult before making their choices. We use these data to estimate learning types using finite mixture models. M...
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作者：Komarova, Tatiana; Nekipelov, Denis; Yakovlev, Evgeny
作者单位：University of London; London School Economics & Political Science; University of Virginia; New Economic School
摘要：It is commonplace that the data needed for econometric inference are not contained in a single source. In this paper we analyze the problem of parametric inference from combined individual-level data when data combination is based on personal and demographic identifiers such as name, age, or address. Our main question is the identification of the econometric model based on the combined data when the data do not contain exact individual identifiers and no parametric assumptions are imposed on t...
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作者：Kline, Brendan
作者单位：University of Texas System; University of Texas Austin
摘要：This paper studies the identification and estimation of the decision rules that individuals use to determine their actions in games, based on a structural econometric model of non-equilibrium behavior in games. The model is based primarily on various notions of limited strategic reasoning, allowing multiple modes of strategic reasoning and heterogeneity in strategic reasoning across individuals and within individuals. The paper proposes the model and provides sufficient conditions for point id...
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作者：Chen, Xiaohong; Christensen, Timothy M.
作者单位：Yale University; New York University
摘要：This paper makes several important contributions to the literature about nonparametric instrumental variables (NPIV) estimation and inference on a structural function h(0) and functionals of h(0). First, we derive sup-norm convergence rates for computationally simple sieve NPIV (series two-stage least squares) estimators of h(0) and its derivatives. Second, we derive a lower bound that describes the best possible (minimax) sup-norm rates of estimating h(0) and its derivatives, and show that th...
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作者：Aliprantis, Dionissi; Carroll, Daniel R.
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Cleveland
摘要：This paper studies neighborhood effects using a dynamic general equilibrium model. Households choose where to live and how much to invest in their child's human capital. The return on parents' investment is determined in part by their child's ability and in part by a neighborhood externality. We calibrate the model using data from Chicago in 1960, assuming that in previous decades households were randomly allocated to, and then could not move from, neighborhoods with different total factor pro...
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作者：Griffith, Rachel; Nesheim, Lars; O'Connell, Martin
作者单位：University of Manchester; University of Manchester; University of London; London School Economics & Political Science; University College London; University of London; University College London; University of London; London School Economics & Political Science
摘要：Random utility models are widely used to study consumer choice. The vast majority of applications assume utility is linear in consumption of the outside good, which imposes that total expenditure on the subset of goods of interest does not affect demand for inside goods and restricts demand curvature and pass-through. We show that relaxing these restrictions can be important, particularly if one is interested in the distributional effects of a policy change, even in a market for a small budget...
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作者：Ambrus, Attila; Chaney, Eric; Salitskiy, Igor
作者单位：Duke University; National Bureau of Economic Research; University of Oxford
摘要：We investigate the effect of delay on prices in bargaining situations using a data set containing thousands of captives ransomed from Barbary pirates between 1575 and 1692. Plausibly exogenous variation in the delay in ransoming provides evidence that negotiating delays decreased the size of ransom payments, and that much of the effect stems from the signalling value of strategic delay, in accordance with theoretical predictions. We also structurally estimate a version of the screening type ba...
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作者：Arai, Yoichi; Ichimura, Hidehiko
作者单位：Waseda University; University of Tokyo
摘要：A new bandwidth selection method that uses different bandwidths for the local linear regression estimators on the left and the right of the cut-off point is proposed for the sharp regression discontinuity design estimator of the average treatment effect at the cut-off point. The asymptotic mean squared error of the estimator using the proposed bandwidth selection method is shown to be smaller than other bandwidth selection methods proposed in the literature. The approach that the bandwidth sel...
