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bootstrap procedure is proposed to test distributional hypotheses, such as equality of distributions, first-order stochastic …
Persistent link: https://www.econbiz.de/10012470873
total variation distance between a bootstrap distribution and the normal distribution parameterized by the point estimate … sample of recent empirical articles that use a bootstrap for inference, we find that the conventional normal approximation is …
Persistent link: https://www.econbiz.de/10014468238
bootstrap procedure for conducting inference about the conditional pricing errors as well as the shapes of the factor loading …
Persistent link: https://www.econbiz.de/10014421243
We provide a general framework for incorporating many types of micro data from summary statistics to full surveys of selected consumers into Berry, Levinsohn, and Pakes (1995)-style estimates of differentiated products demand systems. We extend best practices for BLP estimation in Conlon and...
Persistent link: https://www.econbiz.de/10014337838
We investigate how the contractibility of actions affecting the value of an asset affects asset ownership. We examine this by testing how on-board computer (OBC) adoption affects truck ownership. We develop and test the proposition that adoption should lead to less ownership by drivers,...
Persistent link: https://www.econbiz.de/10012471133
How far do the contractual implications of hold-up-based theories (Klein, Crawford, and Alchian (1978), Williamson (1979, 1985)) extend? I investigate this in the context of trucking. Quasi-rents in trucking are generally smaller than in the contexts studied in the previous empirical literature....
Persistent link: https://www.econbiz.de/10012471437
Since the mid-1980s many authors have investigated the influence of information technology (IT) on productivity. Until recently there has been no clear evidence that productivity increases as a result of IT spending. This productivity paradox is partly due to the difficulty in correctly...
Persistent link: https://www.econbiz.de/10012471567
Are country borders still an impediment to trade flows within Europe? Using a rich microlevel survey with 3 million …
Persistent link: https://www.econbiz.de/10012482519
This paper tests whether the behavior of corrupt officials is consistent with standard industrial organization theory. We designed a study in which surveyors accompanied truck drivers on 304 trips along their regular routes in two Indonesian provinces, during which we directly observed over...
Persistent link: https://www.econbiz.de/10012465508
Explaining patterns of asset ownership in the economy is a central goal of both organizational economics and industrial organization. We develop a model of asset ownership in trucking, which we test by examining how the adoption of different classes of on-board computers (OBCs) between 1987 and...
Persistent link: https://www.econbiz.de/10012469988