We propose a nonparametric likelihood ratio testing procedure for choosing between a parametric (likelihood) model and a moment condition model when both models could be misspecified. Our procedure is based on comparing the Kullback–Leibler Information Criterion (KLIC) between the parametric...

This thesis consists of three empirical essays on topics in industrial organization. Chapter 1 introduces the three essays and describes their main results. In chapter 2, I measure the effects of advertising on households' choices among competing brands of differentiated products when households...

A basic assumption of economics is that consumers choose what they want. However, many consumers find it difficult to stop overeating, overspending, smoking, procrastinating, etc, even though they want to. In reality, consumers have temptation and it is psychologically costly to exercise...

The Northridge earthquake will long be remembered for the unprecedented losses incurred as a result of a moderate-size event in a suburban area of Los Angeles. Current documented costs indicate that this event is the costliest disaster in U.S. history. Although it is difficult to estimate the...

This paper addresses the issue of the steady and unsteady forces which may be imparted to a pump impeller by the through flow. The historical trend to increase the power density and speed of turbomachines has inevitably led to an increase in the number of fluid/structure interaction problems...