We present a method for estimating Markov dynamic models with unobserved state variables which can be serially correlated over time. We focus on the case where all the model variables have discrete support. Our estimator is simple to compute because it is noniterative, and involves only...

We present a method for estimating Markov dynamic models with unobserved state variables which can be serially correlated over time. We focus on the case where all the model variables have discrete support. Our estimator is simple to compute because it is noniterative, and involves only...

We present a method for estimating Markov dynamic models with unobserved state variables which can be serially correlated over time. We focus on the case where all the model variables have discrete support. Our estimator is simple to compute because it is noniterative, and involves only...

Using the credit card application data provided by a major credit card issuer, we estimate the demand for credit card using a regression discontinuity method. Our method exploits a unique feature of the credit card solicitation campaign design, i.e. credit issuer gives consumers different...

Crestor, an important but controversial cholesterol-lowering drug, is contraindicated for use by senior and Asian patients. In this paper, we exploit this fact and a unique doctor-level prescription and advertising (detailing, to be exact) exposure data for statin drugs to examine the hypothesis...

This paper evaluates the effectiveness of California anti-smoking media campaign in changing smoking behavior of adults and adolescents, in the short run as well as in the long run, through individual self-reported exposure to the media message. We construct pseudo panel data using repeated...

An empirical dynamic oligopoly model of the cigarette industry is developed to study the responses of firms to various anti-smoking policies and to estimate the implications for the policy efficacy. Firms are modeled as coordinating in price and competing in advertising in a dynamic game. The...

The application of cerium-manganese oxides (CeMn) in controlling exhaust gas from biomass combustion is greatly inhibited due to poor resistance to alkali metals. Herein, we report a smart strategy to circumvent the K poisoning problem of CeMn by physically coupling with ZSM-5, which exhibited...

Dissolved organic matter (DOM) could affect the immobilization of heavy metals (HMs) in soil by interacting with HMs or clay minerals. Here, three kinds of DOM derived from fresh chicken manure (FDOM), immature compost (IDOM) and mature compost (MDOM) were used to compare their effects on the...