Showing 1 - 10 of 27
We make the case that psychologists should make wider use of econometric methods for the estimation of structural models. These methods involve the development of maximum likelihood estimates of models, where the likelihood function is tailored to the structural model. In recent years these...
Persistent link: https://www.econbiz.de/10012142358
Experimental data exhibit considerable individual heterogeneity. We review the econometric methods employed to characterize that heterogeneity. We pay particular attention to the trade-off between collecting and allowing for observable characteristics, such as the familiar demographics, and the...
Persistent link: https://www.econbiz.de/10012142360
It is intuitive that decision-makers might have attitudes towards uncertainty just as they might have attitudes towards risk. However, it is only recently that this intuitive notion has been formalized and axiomatically characterized. We estimate the extent of uncertainty aversion in a manner...
Persistent link: https://www.econbiz.de/10012142361
Relying on data for a panel of 90 economies over 1970-2015 and System-GMM estimates, we extend the standard Kuznets-curve empirical framework to investigate how financial development, globalisation and technology affect income inequality. Our findings reveal the presence of significant...
Persistent link: https://www.econbiz.de/10012317667
We study identification of preferences in static single-agent discrete choice models where decision makers may be imperfectly informed about the state of the world. We leverage the notion of one-player Bayes Correlated Equilibrium by Bergemann and Morris (2016) to provide a tractable...
Persistent link: https://www.econbiz.de/10014309143
In this paper, we explore the role of trade in the evolution of labor share in Latin American countries. We use trade agreements with large economies (the United States, the European Union, and China) to capture the effect of sharp changes in trade. In the last two decades, labor share has...
Persistent link: https://www.econbiz.de/10014517324
Persistent link: https://www.econbiz.de/10014310588
Security concerns in a context of increasingly segmented supply chains have led to stricter border control measures …, which may potentially negatively affect international trade. Customs around the world have therefore implemented security …
Persistent link: https://www.econbiz.de/10011486503
criticism that media coverage on India-Pakistan relations is pre-occupied with security events, to the exclusion of non-security …
Persistent link: https://www.econbiz.de/10010412345
Increasing oil security represents one of the most important policy actions, especially within IEA countries. Short and … of national storage systems, with the institution of public and private agency, a wider co-ordinated use of security … stocks, and an increase in the physical amount of oil stocks. Long term measures for enhancing oil supply security can be …
Persistent link: https://www.econbiz.de/10011606712