In this paper, we consider identification and estimation of average marginal effects in a correlated random coefficients model without imposing strong functional form assumptions on the structural likelihood or the mixing distribution. Identification is achieved through imposing that the mixing...

We show that in parametric likelihood models the first order bias in the posterior mode and the posterior mean can be removed using objective Bayesian priors. These bias-reducing priors are defined as the solution to a set of differential equations which may not be available in closed form. We...

In this paper, we consider estimation of nonlinear panel data models that include individual specific fixed effects. Estimation of these models is complicated by the incidental parameters problem; that is, noise in the estimation of the fixed effects when the time dimension is short generally...

We use a dynamic item response theory model (Martin and Quinn 2002) to investigate ideal point stability in Mexico's IFE, an election regulatory board. Results indicate that stability is not predominant, that most board members moved considerably a good deal of the time. We discuss how theories...

In this paper we explore the relationship between the investments of multinational corporations (foreign direct investment) and income inequality in Mexico. We argue that Mexico's liberalization of foreign direct investment (FDI) inflows in the 1990s provides a natural experiment to test how FDI...

Following a number of banking crises over the past five years, several developed countries have reformed or plan to change their structures of banking supervision in search of macro-prudential blueprints that reduce the likelihood of similar events in the future. Elsewhere, banking crises have...

In response to the COVID-19 pandemic, the Chilean Congress approved three laws between July 2020 and April 2021 that allowed early withdrawals of pension funds without any eligibility constraints or penalties. In this paper, we use nationwide survey data to examine the factors associated with...

This study employs a panel approach to investigate factors that influence the development of private equity markets over time and across countries. The empirical evidence indicates that profitable exit options are essential to the growth and development of private equity across both time and...