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The authors propose a method for estimating the population mean of a distribution of solution values from applied general equilibrium models subject to parameter uncertainty. The method is illustrated by demonstrating that the "marginal excess burden" of the U.S. taxation system may be robustly...
Persistent link: https://www.econbiz.de/10005076005
Persistent link: https://www.econbiz.de/10005740873
Experimental data have consistently shown diversity in beliefs as well as in actions among experimental subjects. This paper presents and compares alternative behavioral econometric models for the characterization of player heterogeneity, both between and within subpopulations of players. In...
Persistent link: https://www.econbiz.de/10005697221