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). We propose a new nonparametric instrumental variable testing procedure to account for potential endogeneity. For …
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I estimate a simultaneous discrete game with incomplete information where players' private information are only required to be median independent of observed states and can be correlated with observable states. This median restriction is weaker than other assumptions on players' private...
Persistent link: https://www.econbiz.de/10014206519
). We propose a new nonparametric instrumental variable testing procedure to account for potential endogeneity. For …
Persistent link: https://www.econbiz.de/10012890803
We address empirically the issues of the optimality of simple linear compensation contracts and the importance of asymmetries between firms and workers. For that purpose, we consider contracts between the French National Institute of Statistics and Economics (Insee) and the interviewers it hired...
Persistent link: https://www.econbiz.de/10012202372
The Probability of Informed Trading (PIN) is a widely used indicator of information asymmetry risk in the trading of securities. Its estimation using maximum likelihood algorithms has been shown to be problematic, resulting in biased estimates, especially in the case of liquid and frequently...
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