Showing 1 - 10 of 30
We develop an empirical methodology to study markets for services. These markets are typically organized as multi-attribute auctions in which buyers take into account seller's price as well as various characteristics, including quality. Our identification and estimation strategies exploit...
Persistent link: https://www.econbiz.de/10010822892
We study the nonparametric identification and estimation of a structural model for committee decisions. Members of a committee share a common information set, but differ in ideological bias while processing multiple information sources and in individual tastes while weighing multiple objectives....
Persistent link: https://www.econbiz.de/10010822893
This paper studies the nonparametric identification and estimation of voters’ preferences when voters are ideological. We establish that voter preference distributions and other parameters of interest can be identified from aggregate electoral data. We also show that these objects can be...
Persistent link: https://www.econbiz.de/10010822904
We introduce an approach for semi-parametric inference in dynamic binary choice models that does not impose distributional assumptions on the state variables unobserved by the econometrician. The proposed framework combines Bayesian inference with partial identification results. The method is...
Persistent link: https://www.econbiz.de/10010822905
We address two issues in nonparametric structural analyses of dynamic binary choice processes (DBCP). First, the DBCP is not testable and decision makers’ single-period payoffs (SPP) cannot be identified even when the distribution of unobservable states (USV) is known. Numerical examples show...
Persistent link: https://www.econbiz.de/10004994454
I estimate a simultaneous discrete game with incomplete information where players’ private information are only required to be median independent of observed states and can be correlated with observable states. This median restriction is weaker than other assumptions on players’ private...
Persistent link: https://www.econbiz.de/10004994455
When Barret and Donald (2003) in Econometrica proposed a consistent test of stochastic dominance, they were silent about the asymptotic unbiasedness of their tests against √n-converging Pitman local alternatives. This paper shows that when we focus on first-order stochastic dominance, there...
Persistent link: https://www.econbiz.de/10005102090
In first-price auctions with interdependent bidder values, the distributions of private signals and values cannot be uniquely recovered from bids in Bayesian Nash equilibria. Non-identification invalidates structural analyses that rely on the exact knowledge of model primitives. In this paper I...
Persistent link: https://www.econbiz.de/10005102122
In this paper we study the identification and estimation of a class of binary regressions where conditional medians of additive disturbances are bounded between known or exogenously identified functions of regressors. This class includes several important microeconometric models, such as...
Persistent link: https://www.econbiz.de/10005109595
Nonrandom sampling schemes are often used in program evaluation settings to improve the quality of inference. This paper considers what we call treatment-based sampling, a type of standard stratified sampling where part of the strata are based on treatments. This paper first establishes...
Persistent link: https://www.econbiz.de/10005109603