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Information-Constrained Coordination of Economic Behavior
Aridor, Guy; Silveira, Rava Azeredo da; Woodford, Michael - National Bureau of Economic Research - 2024
We analyze a coordination game with information-constrained players. The players' actions are based on a noisy compressed representation of the game's payoffs in a particular case, where the compressed representation is a latent state learned by a variational autoencoder (VAE). Our generalized...
Persistent link: https://www.econbiz.de/10014486205
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Near-Rational Equilibria in Heterogeneous-Agent Models : A Verification Method
Kogan, Leonid; Mitra, Indrajit - National Bureau of Economic Research - 2022
We propose a general simulation-based procedure for estimating quality of approximate policies in heterogeneous-agent equilibrium models, which allows to verify that such approximate solutions describe a near-rational equilibrium. Our procedure endows agents with superior knowledge of the future...
Persistent link: https://www.econbiz.de/10013334330
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Putting Quantitative Models to the Test : An Application to Trump's Trade War
Adão, Rodrigo; Costinot, Arnaud; Donaldson, Dave - National Bureau of Economic Research - 2023
The primary motivation behind quantitative modeling in international trade and many other fields is to shed light on the economic consequences of policy changes. To help assess and potentially strengthen the credibility of such quantitative predictions we introduce an IV-based goodness-of-fit...
Persistent link: https://www.econbiz.de/10014322709
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The formation and stocks of total capital
Kendrick, John W. - 1976
Persistent link: https://www.econbiz.de/10000056090
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Producer dynamics : new evidence from micro data
Dunne, Timothy (contributor);  … - 2009
Persistent link: https://www.econbiz.de/10003684216
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Productivity, welfare and reallocation : theory and firm-level evidence
Basu, Susanto (contributor) - 2010
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …
Persistent link: https://www.econbiz.de/10011394520
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Farm productivity and market structure : evidence from cotton reforms in Zambia
Brambilla, Irene - 2005
"This paper investigates the impacts of cotton marketing reforms on farm productivity, a key element for poverty … productivity in cotton declined. With the improvement of the outgrower scheme of later years, farmers devoted larger shares of land … to cash crops, and farm productivity significantly increased"--National Bureau of Economic Research web site …
Persistent link: https://www.econbiz.de/10010522398
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NBER International Seminar on Macroeconomics 2006
Reichlin, Lucrezia (contributor);  … - National Bureau of Economic Research - 2008
Persistent link: https://www.econbiz.de/10003655859
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Gross farm income and indices of farm production and prices in the United States, 1869-1937
Strauss, Frederick; Bean, Louis H. - 1940
Persistent link: https://www.econbiz.de/10002882852