Showing 1 - 10 of 67
of regression functions and matching estimators based on kernel methods with mixed categorical and continuous data. A …-neighbor matching on kernel-based propensity score with mixed categorical and continuous data produces a closer approximation to the … as a promising method for solving the evaluation problem. When restricted to sample observations in the neighborhood of …
Persistent link: https://www.econbiz.de/10005699626
We analyze the properties of a bias-corrected realized variance (RV) in the presence of iid market microstructure noise. The bias correction is based on the first-order autocorrelation of intraday returns and we derive the optimal sampling frequency as defined by the mean squared error (MSE)...
Persistent link: https://www.econbiz.de/10005342264
The measurement of income inequality plays a pivotal role in the assessment of economic welfare and the design and implementation of social policies. A primary input of such measurement is data provided by household surveys. It is a well-documented fact that in these surveys some variables are...
Persistent link: https://www.econbiz.de/10005699594
We define a segregation ordering as a ranking of cities from most segregated to least segregated. \ We propose a set of basic properties that any reasonable segregation ordering should have. \ We then fully characterize the class of segregation orderings that satisfy these basic properties. \ We...
Persistent link: https://www.econbiz.de/10005342230
We compare auction revenues from discriminatory auctions and uniform price auctions in the case of the Korean treasury bonds auction market. For this purpose, we employ detailed bidder level data for each of 16 discriminatory auctions recently carried out in Korea. We first theoretically recover...
Persistent link: https://www.econbiz.de/10005342340
We develop a model of a small open economy with three types of nominal rigidities (domestic goods prices, imported goods prices and wages) and eight different structural shocks. We estimate the model's structural parameters using a maximum likelihood procedure and use it to compute...
Persistent link: https://www.econbiz.de/10005130178
This work introduces a rigorous set-theoretic foundation of bilateral matching mechanisms and studies their properties … in a systematic manner. By providing a unified framework to study ilateral matching mechanisms, we formalize how … different spatial/informational constraints can be implemented via a careful selection of matching mechanisms. In particular …
Persistent link: https://www.econbiz.de/10005063736
-to-business matching market with indirect network externalities. The intermediaries differ with regard to their ownership structure: an …
Persistent link: https://www.econbiz.de/10005342163
random matching model with endogenous heterogeneity. I analyze the efficiency properties of the equilibrium and find that in …
Persistent link: https://www.econbiz.de/10005328902
I develop a matching model with heterogeneous workers, firms, and worker-firm matches, and apply it to longitudinal … truncated. I test predictions from the matching model using data from the Longitudinal Employer-Household Dynamics (LEHD … structures, including the martingale hypothesis implied by the learning process. I find considerable support for the matching …
Persistent link: https://www.econbiz.de/10005328946