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This paper uses data from the Greater Avenues for Independence (GAIN) initiative to discuss the evaluation of programs that are implemented at multiple sites. Two frequently used methods are to pool the data or to use fixed effects (an extreme version of which estimates separate models for each...
Persistent link: https://www.econbiz.de/10013224315
"Site selection bias" can occur when the probability that a program is adopted or evaluated is correlated with its impacts. I test for site selection bias in the context of the Opower energy conservation programs, using 111 randomized control trials involving 8.6 million households across the...
Persistent link: https://www.econbiz.de/10013090187
We study optimal transport networks in spatial equilibrium. We develop a framework consisting of a neoclassical trade model with labor mobility in which locations are arranged on a graph. Goods must be shipped through linked locations, and transport costs depend on congestion and on the...
Persistent link: https://www.econbiz.de/10012962178
which also incorporates two long-standing ideas in psychology: prospect theory, and evidence on how prior outcomes affect … risky choice. Consistent with prospect theory, the investor in our model derives utility not only from consumption levels …
Persistent link: https://www.econbiz.de/10012763762
This paper estimates a model of airline competition that captures the two major features of the industry: product differentiation and economies of density. The results not only provide support to some of the traditional common wisdom in the industry, but are also useful for understanding major...
Persistent link: https://www.econbiz.de/10013240526
influenced by economic theory …
Persistent link: https://www.econbiz.de/10012949420
We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income Dynamics from 1970 to 2004. Using both an error components model as well as simpler but only approximate methods, we find that the transitory variance started to increase in the...
Persistent link: https://www.econbiz.de/10013129122
Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...
Persistent link: https://www.econbiz.de/10013134300
This paper examines several aspects of the debate about the causes of the U.S. current account deficit in the 1980's. It surveys several popular explanations before developing two theoretical models of international capital flows. The first model is Ricardian, and it extends the analysis of...
Persistent link: https://www.econbiz.de/10013135000
Studies of the firm's demand for factor inputs often assume a constant rate of utilization of the inputs and ignore the fact that the firm can simultaneously choose the level and the rate of utilization of its inputs. In particular, the literature on dynamic factor demand models has, until...
Persistent link: https://www.econbiz.de/10013139928