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We develop a method to estimate producers' productivity beliefs in settings where output quantities and input prices are unobservable, and we use it to evaluate allocative efficiency in the market for science. Our model of researchers' labor supply shows that their willingness to pay for their...
Persistent link: https://www.econbiz.de/10015438225
Could policy changes boost economic growth enough and at a low enough cost to meaningfully reduce federal budget deficits? We assess seven areas of economic policy: immigration of high-skilled workers, housing regulation, safety net programs, regulation of electricity transmission, government...
Persistent link: https://www.econbiz.de/10015409866
Count data regressions are an important tool for empirical analyses ranging from analyses of patent counts to measures of health and unemployment. Along with negative binomial, Poisson panel regressions are a preferred method of analysis because the Poisson conditional fixed effects maximum...
Persistent link: https://www.econbiz.de/10012458292
This paper explores differences in the frequency with which students from different schools reach high levels of math achievement. Data from the American Mathematics Competitions is used to produce counts of high-scoring students from more than two thousand public, coeducational, non-magnet,...
Persistent link: https://www.econbiz.de/10012460382
Many applications involve a censored dependent variable and an endogenous independent variable. Chernozhukov, Fernandez-Val, and Kowalski (2015) introduced a censored quantile instrumental variable estimator (CQIV) for use in those applications, which has been applied by Kowalski (2016), among...
Persistent link: https://www.econbiz.de/10012453481
Recent empirical work in several economic fields, particularly environmental and energy economics, has adapted the regression discontinuity (RD) framework to applications where time is the running variable and treatment begins at a particular threshold in time. In this guide for practitioners,...
Persistent link: https://www.econbiz.de/10012455080
This paper presents and assesses analytical strategies that respect the bounded count structures of outcomes that are encountered often in health and other applications. The paper's main motivation is that the applied econometrics literature lacks a comprehensive discussion and critique of...
Persistent link: https://www.econbiz.de/10014421240
Technological advances and genomic sequencing opened the road to personalized medicine: specialized therapies targeted to patients displaying specific molecular alterations. For instance, targeted therapies are now available for 50% of lung cancer patients--with some alterations affecting less...
Persistent link: https://www.econbiz.de/10015361415
We draw on a recombinant view of innovation, where being in a new location and/or multiple locations leads to exposure to novel combinations of ideas that increase the creativity of top scientists. Using a rich, unique dataset we helped assemble, we estimate the empirical relationship between...
Persistent link: https://www.econbiz.de/10015361455
, disproportionately affecting institutions most linked to commercial patenting and drug development. We conclude by assessing the current …
Persistent link: https://www.econbiz.de/10015361503