Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10011576891
Using results from Convex Analysis, we investigate a novel approach to identification and estimation of discrete-choice models that we call the mass transport approach . We show that the conditional choice probabilities and the choice-specific payoffs in these models are related in the sense of...
Persistent link: https://www.econbiz.de/10011798951
This paper introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. While our...
Persistent link: https://www.econbiz.de/10012807745