Showing 1 - 10 of 262
The widely-used estimator of Berry, Levinsohn and Pakes (1995) produces estimates of consumer preferences from a discrete-choice demand model with random coefficients, market-level demand shocks and endogenous prices. We derive numerical theory results characterizing the properties of the nested...
Persistent link: https://www.econbiz.de/10013159520
Deferred Acceptance (DA), a widely implemented algorithm, is meant to improve allocations: under classical preferences, it induces preference-concordant rankings. However, recent evidence shows that—in both real, large-stakes applications and experiments—participants frequently play...
Persistent link: https://www.econbiz.de/10012860839
The storable votes mechanism is a method of voting for committees that meet periodically to consider a series of binary decisions. Each member is allocated a fixed budget of votes to be cast as desired over the multiple decisions. Voters are induced to spend more votes on those decisions that...
Persistent link: https://www.econbiz.de/10013324445
I build a simple dynamic model of the formation of an international social network of importers and exporters. Firms … can only export into markets in which they have a contact. They acquire new contacts both at random, and via their network …
Persistent link: https://www.econbiz.de/10013130777
financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of … the supply network determine both whether aggregate volatility disappears as the number of sectors increases (i … aggregate output from its mean) to sector-specific volatility and to the structural properties of the supply network …
Persistent link: https://www.econbiz.de/10013136361
I propose a network/search view of international trade in differentiated products. I present evidence that supports the …
Persistent link: https://www.econbiz.de/10013113599
This paper estimates the effects of friends' health behaviors, smoking and drinking, on own health behaviors for adolescents while controlling for the effects of correlated unobservables between those friends. Specifically, the effect of friends' health behaviors is identified by comparing...
Persistent link: https://www.econbiz.de/10013103058
We show that increasing the probability of obtaining a job offer through a network should raise the observed wages of … workers in jobs found through formal channels relative to those in jobs found through the network. This prediction holds at … are consistent with the primary effect of network strength being to increase the arrival rate of offers rather than to …
Persistent link: https://www.econbiz.de/10013152088
enrolment among households that are embedded in a family network. Eligible but isolated households do not respond. The mechanism … network from eligibles that receive de facto unconditional cash transfers from Progresa, towards eligibles on the margin of …
Persistent link: https://www.econbiz.de/10013152797
first characterize the biases in both network statistics and estimates of network effects under non-random sampling … theoretically and numerically. Sampled network data systematically bias the properties of observed networks and suffer from non … post-stratification weighting approaches to networked contexts, which enables researchers to recover several network …
Persistent link: https://www.econbiz.de/10012907751