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Market Structure and Multiple Equilibria in Airline Markets

Tamer, Elie; Ciliberto, Federico - Econometric Society - 2004

We provide a framework for inference in discrete games that involve multiple decision makers and use it to study airline market structure in the US. We make inferences on a "class of models" rather that looking for point identifying assumptions that pin down a unique model. Making inferences in...

Persistent link: https://www.econbiz.de/10005063607

Discovering the Sources of TFP Growth: Occupation Choice, Capital Heterogeneity, and Financial Deepening

Townsend, Robert M.; Jeong, Hyeok - Econometric Society - 2004

The sources of "total factor productivity (TFP) growth" or the "Solow residual" typically remain unknown as a residual … develop a method of growth accounting that decomposes not only the overall growth but also the residual TFP growth into four …, we find that 55 percent of TFP growth can be explained on average by occupational shifts and financial deepening, without …

Persistent link: https://www.econbiz.de/10005702604

Economic Geography and Wages

Cameron, Lisa A.; Amiti, Mary - Econometric Society - 2004

This paper estimates the agglomeration benefits that arise from vertical linkages between firms in the context of Indonesia. The analysis is based on international trade and economic geography theory developed by Krugman and Venables (1995). We identify the agglomeration benefits off the spatial...

Persistent link: https://www.econbiz.de/10005063686

Determinants of Technology and Innovation Activities in Argentina: Evidence from a firm level survey

Sanguinetti, Pablo - Econometric Society - 2004

The Argentine economy has gone through important reforms during the nineties. Many of these reforms aimed at integrating the domestic economy with world trade and investment flows. There is a vast theoretical literature that links trade and investment liberalization with technological progress...

Persistent link: https://www.econbiz.de/10005170262

Does Input Sector Liberalization Promote Quality Innovation and Exports?

Acharyya, Rajat; Bandyopadhyay, Swapnendu - Econometric Society - 2004

This paper examines the relationship between input sector liberalization and product quality innovation and export orientation by a LDC firm given the complementarity between high input quality and high product quality. We show that input sector liberalization per se may not induce quality...

Persistent link: https://www.econbiz.de/10005086434

Nonparametric Identification and Estimation of Multi-Unit, Sequential, Oral, Ascending-Price Auctions with Asymmetric Bidders

Paarsch, Harry J.; Brendstrup, Bjarne - Econometric Society - 2004

Within the independent private-values paradigm, we derive the data-generating process of the winning bid for the last unit sold at multi-unit, sequential, oral, ascending-price auctions when bidder valuations are draws from different distributions; i.e., in the presence of asymmetries. When the...

Persistent link: https://www.econbiz.de/10005063564

The Political Economy of Strategic Environmental Policy When Waste Products are Tradable

Kuhn, Thomas; Cassing, James - Econometric Society - 2004

In this paper we explore the implications of the possibility of â€œtrade in trashâ€ on optimal environmental policy and on the ramifications of a stronger or weaker environmental lobby across regions or nations. We have constructed a multiple stage game composed of a market stage and a...

Persistent link: https://www.econbiz.de/10005063763

The effect of direct-to-consumer pharmaceutical advertising on health choices: an empirical investigation using panel data

Showalter, Mark; Cardon, James - Econometric Society - 2004

In 1997, the FDA relaxed regulations on direct-to-consumer (DTC) advertising for pharmaceutical products. This has led to a substantial increase in such expenditures which in turn raises some important public policy questions. For example, has this increase in DTC advertising affected the...

Persistent link: https://www.econbiz.de/10005699672

Secrecy and Safety

Reinganum, Jennifer F.; Daughety, Andrew F. - Econometric Society - 2004

We employ a simple two-period model to show that the use of confidential settlement as a strategy for a firm facing tort litigation leads to lower average product safety than that which would be produced if a firm were committed to openness. Moreover, confidentiality can even lead to declining...

Persistent link: https://www.econbiz.de/10005702632

Investment, Externalities & Industry Dynamics.

Roy, Santanu; Kamihigashi, Takashi - Econometric Society - 2004

We provide an alternative theoretical explanation for a number of empirical regularities relating to the dynamics of industry structrure (product life cycle) and changes in size and age distribution of firms over time. We explain why entry may continue over a considerable period of time, why...

Persistent link: https://www.econbiz.de/10005130186