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International Trade and Macroeconomic Dynamics with Sanctions

Ghironi, Fabio; Kim, Daisoon; Ozhan, G. Kemal - National Bureau of Economic Research - 2024

consumption goods and a commodity (e.g., gas), respectively. Home imposes sanctions on Foreign. Financial sanctions exclude a … fraction of Foreign agents from the international bond market. Gas sanctions take the form of a ban on gas trade, equivalent to … analysis shows that gas sanctions are more costly for Home, while differentiated consumption goods trade sanctions are more …

Persistent link: https://www.econbiz.de/10014512042

A Fixed Effect Logit Model of the Impact Of Unionism on Quits

Freeman, Richard B. - 1978

There are two possible reasons for unionized workers to have lower quit rates than otherwise comparable nonunion workers: unions could organize employees with innately lower propensities to quit or they could reduce propensities by offering disgruntled workers alternatives to quitting in the...

Persistent link: https://www.econbiz.de/10012478871

Random-Coefficients Logit Demand Estimation with Zero-Valued Market Shares

Dubé, Jean-Pierre H. - 2020

Although typically overlooked, many purchase datasets exhibit a high incidence of products with zero sales. We propose a new estimator for the Random-Coefficients Logit demand system for purchase datasets with zero-valued market shares. The identification of the demand parameters is based on a...

Persistent link: https://www.econbiz.de/10012479319

The Random Coefficients Logit Model Is Identified

Bajari, Patrick - 2009

The random coefficients, multinomial choice logit model has been widely used in empirical choice analysis for the last 30 years. We are the first to prove that the distribution of random coefficients in this model is nonparametrically identified. Our approach exploits the structure of the logit...

Persistent link: https://www.econbiz.de/10012463714

Ugly Criminals

Mocan, Naci - 2006

These results suggest two handicaps faced by unattractive individuals. First, a labor market penalty provides a direct incentive for unattractive individuals toward criminal activity. Second, the level of beauty in high school has an effect on criminal propensity 7-8 years later, which seems to...

Persistent link: https://www.econbiz.de/10012466652

Unemployment Benefits, Labor Market Transitions, and Spurious Flows : A Multinational Logit Model with Errors in Classification

Poterba, James M. - 1993

This paper develops an algorithm for analyzing discrete events, such as labor market transitions, when some of these transitions are spurious because of measurement errors. Our algorithm extends the standard multinomial logit model, although our basic approach could be used with other stochastic...

Persistent link: https://www.econbiz.de/10012474516

Accounting for Price Endogeneity in Airline Itinerary Choice Models : An Application to Continental U.S. Markets

Lurkin, Virginie - 2016

Network planning models, which forecast the profitability of airline schedules, support many critical decisions, including equipment purchase decisions. Network planning models include an itinerary choice model that is used to allocate air total demand in a city pair to different itineraries....

Persistent link: https://www.econbiz.de/10012455950

Identification in a Binary Choice Panel Data Model with a Predetermined Covariate

Bonhomme, Stéphane; Dano, Kevin; Graham, Bryan S. - National Bureau of Economic Research - 2023

We study identification in a binary choice panel data model with a single predetermined binary covariate (i.e., a covariate sequentially exogenous conditional on lagged outcomes and covariates). The choice model is indexed by a scalar parameter θ, whereas the distribution of unit-specific...

Persistent link: https://www.econbiz.de/10014247948

Machine-Learning the Skill of Mutual Fund Managers

Kaniel, Ron; Lin, Zihan; Pelger, Markus; Nieuwerburgh, … - National Bureau of Economic Research - 2022

We show, using machine learning, that fund characteristics can consistently differentiate high from low-performing mutual funds, as well as identify funds with net-of-fees abnormal returns. Fund momentum and fund flow are the most important predictors of future risk-adjusted fund performance,...

Persistent link: https://www.econbiz.de/10012938692

Using Neural Networks to Predict Micro-Spatial Economic Growth

Khachiyan, Arman; Thomas, Anthony; Zhou, Huye; Hanson, … - National Bureau of Economic Research - 2021

We apply deep learning to daytime satellite imagery to predict changes in income and population at high spatial resolution in US data. For grid cells with lateral dimensions of 1.2km and 2.4km (where the average US county has dimension of 55.6km), our model predictions achieve R2 values of 0.85...

Persistent link: https://www.econbiz.de/10012794597

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