model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean … foreign capital. In the model, the long-run effect on domestic capital in general equilibrium is 7% and the tax revenue …

what conditions either method is preferred. We then extend model-average impulse responses to this nonlinear environment …

maximization with general heterogeneity, i.e. in the random utility model (RUM). We show that utility maximization and convex …

econometric strategies for share model estimation. The paper then goes on to discuss the univariate fractional regression …

are often blamed for this outcome. However, the standard errors-in-variables model has not been applied widely, partly …

introduce a tractable model of a production economy featuring heterogeneous trading technologies, as well as idiosyncratic and …, simultaneously, the risk-free rate, the market price of risk, and price-earnings ratios. In particular, our model allows us to … the model to examine the wealth distribution and asset prices in economies with very low real rates. We also examine under …

-accumulation model in which capital is traded in illiquid markets, with sellers having more information about capital quality than buyers … accept lower trading probabilities to signal their type. Led by the model's predictions, we measure the distortions from … individual capital units listed for trade. By combining the empirical measurement with the model, we show that information …