this upward bias results from aggregation along the extensive industry margin, which is why the bias is much smaller and …We propose and apply a new theory-consistent algorithm, which uses disaggregated inter-city trade data to identify a … only marginally significant if estimation is conducted in a theory-consistent way at the disaggregated industry level. …

We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that ….: Micro. 5(1) p.28-34 (2013), who rather minimally modify the original consumer problem with indivisible goods so that the …

microeconomic theory literature on durable-goods markets, focusing mostly on the last ten years. I then discuss a number of my own …Markets for durable goods constitute an important part of the economy. In this paper I first briefly review the … recent analyses concerning optimal antitrust policy in durable-goods markets that mostly build on ideas in the larger …

By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance … large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …

fixed effects estimator, which ignores measurement errors, is biased. By correcting for the bias one can construct …. -- Panel regression ; multiplicative measurement errors ; bias correction ; asymptotic variance ; disclosure control …

lives for three periods. Our results show how a paternalistic government may correct for the effects of anticipation-bias … ; adaptation ; habit-formation ; anticipation-bias ; paternalism …

show that this time consistency problem leads to a systematic downward bias in fertility choices. By keeping fertility low …, families try to mitigate the ex-ante undesired shift in the power balance. This bias in fertility choices provides scope for … overcome the fertility bias. -- fertility ; family policy ; household allocation …

to a fiscal deficit bias at the early stages of financial liberalization. When countries differ in terms of capital …. Consistent with theory, I find that stronger tax competition increases deficits in a sample of OECD countries, controlling for …