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Gary Becker's classic study, A Theory of the Allocation of Time, laid the analytical foundations for the study of … household production and the allocation of time within the household. The analytical framework of household production theory …
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This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the allocation of each measurement to a unique factor, and the...
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empirical tests of the key player policy in a real world setting. This policy defines a micro-founded strategy for removing the … theoretical predictions of the key player policy with real world outcomes. By focusing on networks for which the key player has … disappeared over time, we show that the theoretical predicted crime reduction is close to what is observed in the real world. We …
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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 baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...
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