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One way in which parties in the U.S. House of Representatives might affect legislative outcomes is if they pressure some of their members into voting the party line, when those members would prefer not to. How well do traditional measures of party voting, such as the Rice index of party...
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In a standard spatial model of Parliamentary roll call voting with quadratic utility, the ligislator votes for the policy outcome corresponding to Yea if her utility for Yea is greater than her utility for Nay. The voting decision of the legislator is modeled as a function of the difference...
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A model of racial discrimination provides testable implications for two features of statistical discriminators: differential treatment of signals by race and heterogeneous experience that shapes perception. We construct an experiment in the U.S. rental apartment market that distinguishes...
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This paper provides a new estimation and solution method for a generalized class of sorting hedonic models based on discrete approximations of the distribution of housing quality. Our approach incorporates heterogeneity in preferences and treats quality as latent. Additionally, a housing market...
Persistent link: https://www.econbiz.de/10010861765
To detect the presence of predatory pricing, antitrust authorities routinely ask whether a firm sacrifices current profit in exchange for the expectation of higher future profit following the exit of its rival. Because predatory pricing is an inherently dynamic phenomenon, we show in this paper...
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