Showing 1 - 10 of 17
This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...
Persistent link: https://www.econbiz.de/10003989930
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baselinepretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...
Persistent link: https://www.econbiz.de/10003989944
In this note, we characterize the semiparametric efficiency bound for a class of semi- parametric models in which the unknown nuisance functions are identified via nonparametric conditional moment restrictions with possibly non-nested or over-lapping conditioning sets, and the finite dimensional...
Persistent link: https://www.econbiz.de/10009667046
Many structural economics models are semiparametric ones in which the unknown nuisance functions are identified via nonparametric conditional moment restrictions with possibly nonnested or overlapping conditioning sets, and the finite dimensional parameters of interest are over-identified via...
Persistent link: https://www.econbiz.de/10010365213
In social and economic networks linked agents often share additional links in common. There are two competing explanations for this phenomenon. First, agents may have a structural taste for transitive links - the returns to linking may be higher if two agents share links in common. Second,...
Persistent link: https://www.econbiz.de/10011451831
In this paper we analyze a discrete choice model for partially ordered alternatives. The alternatives are differentiated along two dimensions, the first an unordered "horizontal" dimension, and the second an ordered "vertical" dimension. The model can be used in circumstances in which...
Persistent link: https://www.econbiz.de/10012601126
Consider a setting where N players, partitioned into K observable types, form a directed network. Agents' preferences over the form of the network consist of an arbitrary network benefit function (e.g., agents may have preferences over their network centrality) and a private component which is...
Persistent link: https://www.econbiz.de/10013201996
We introduce a test for whether agents' preferences over network structure are interdependent. Interdependent preferences induce strategic behavior since the optimal set of links directed by agent i will vary with the configuration of links directed by other agents. Our model also incorporates...
Persistent link: https://www.econbiz.de/10012271055
In this paper we analyze a discrete choice model for partially ordered alternatives. The alternatives are differentiated along two dimensions, the first an unordered "horizontal" dimension, and the second an ordered "vertical" dimension. The model can be used in circumstances in which...
Persistent link: https://www.econbiz.de/10012122974
We use hedonic prices and purchase quantities to consider what can be learned about household willingness to pay for baskets of organic products and how this varies across households. We use rich scanner data on food purchases by a large number of households to compute household specific lower...
Persistent link: https://www.econbiz.de/10003739695