This paper analyzes a unique dataset of art auctions on eBay. We studythe behavior of buyers and sellers, demand and supply, by means of anovel structural estimation approach. Our empirical framework considersthe process of arrival of new bidders as well as the distribution ofbidder valuations...

Much of the extensive empirical literature on insurance markets hasfocused on whether adverse selection can be detected. Once detected, however, therehas been little attempt to quantify its welfare cost, or to assess whether and whatpotential government interventions may reduce these costs. To...

There are hundreds of thousands of crude oil and natural gas wells across North America that are currently not producing oil or gas. Many of these wells have not been permanently decommissioned to meet environmental standards for permanent closure, but are in an inactive state that enables them...

The dissertation is comprised of three papers. In the first two Chapters, I analyze the importance of competition, preference heterogeneity, and socio-economic/country-specific factors to explain the differences in penetration rates of mobile phone services across EUMember States. Chapter 1...

University of Minnesota Ph.D. dissertation. July 2010. Major: Economics. Advisors: Patrick Bajari and Robert Town. 1 computer file (PDF): x, 136 pages, appendices A.

We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...

Este trabajo utiliza un modelo de ciclo de vida para cuantificar el rol de la heterogeneidad en los rendimientos de las inversiones en la respuesta económica de unos cambios impositivos marginales. En este modelo, los agentes que son suficientemente productivos pueden obtener rendimientos más...

This paper provides estimates of labour market inefficiency and the frictional unemployment rate for Australia and its States over the period January 1978 to December 1997. These estimates are derived from parametric statistical models of employment growth in which technical inefficiencies are...

This dissertation consists of three essays in labor and development economics. The first essay, “Bumpy Rides: School to Work Transitions in South Africa,” quantifies the importance of the option to re-enroll in the school to work transition of South African youth. I estimate a structural...

This research addresses labor market transformation in Russia. It elaborates on the theory of job search and focuses on the following issues: (1) evaluation of the re-employment probabilities (hazard rates) for different socio-economic groups; and (2) estimation of wage offer distribution for...