Rust (1987) concludes that the data "clearly reject" the hypothesis that Harold Zurcher made bus replacement decisions using a monthly (and myopic) discount rate of 0 in favor of the factor 0.9999. The alternative model requires the nested fixed point algorithm developed in the paper which...

Rust (1987) concludes that the data "clearly reject" the hypothesis that Harold Zurcher made bus replacement decisions using a monthly (and myopic) discount rate of 0 in favor of the factor 0.9999. The alternative model requires the nested fixed point algorithm developed in the paper which...

This paper discusses how to design, solve and estimate dynamic programming models using the open source package niqlow. Reasons are given for why such a package has not appeared earlier and why the object-oriented approach followed by niqlow seems essential. An example is followed that starts...

This paper discusses how to design, solve and estimate dynamic programming models using the open source package niqlow. Reasons are given for why such a package has not appeared earlier and why the object-oriented approach followed by niqlow seems essential. An example is followed that starts...

We develop an equilibrium model of wages and estimate it using administrative data from Norway. Coworkers interact through a task-assignment model, and wages are determined through multilateral bargaining over the surplus that accrues to the workforce. Seniority affects wages through workplace...

Based on a survey of graduating PhD students in the U.S., we study the determinants of location of their first jobs. We consider how locating in Canada versus the U.S. for all graduates is influenced by both their background and time-varying factors that affect international mobility. We also...

We develop an equilibrium model of wages and estimate it using administrative data from Norway. Coworkers interact through a task-assignment model, and wages are determined through multi-lateral bargaining over the surplus that accrues to the workforce. Seniority affects wages through workplace...

We develop an equilibrium model of wages and estimate it using administrative data from Norway. Coworkers interact through a task-assignment model, and wages are determined through multilateral bargaining over the surplus that accrues to the workforce. Seniority affects wages through workplace...