The extreme bounds analysis in Leamer (1982) is extended to the Tobit model with censoring. The extension involves the simple modification of replacing the censored values of the dependent variable by their expectation conditional on the MLEs and using the negative of the Hessian evaluated at...

In popular discussion, much has been made of the susceptibility of government policies to lobbying by foreigners-the general presumption being that this is harmful to the home economy. However, in a trade policy context this may not be the case. If the policy outcome absent any foreign lobbying...

Grossman and Helpman (1994) present a theory of endogenous protection by explicitly modeling government-industry interactions for which mere "black-box" models previously existed. They obtain a Ramsey pricing-type solution to the provision of protection which emphasizes the role of inverse...

Bayesian inference and model comparisons are easily performed quite accurately using Gibbs sampling, even if (1) the likelihood is analytically intractable and (2) nonstandard prior probability density functions (pdfs) are required. In this study Bayesian model comparisons are performed among...

This paper develops a framework to study empirically the relationship between trade policy and individual income risk and to evaluate the associated welfare consequences. The analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income...