My dissertation consists of two unrelated essays. In the first essay, "Wage Subsidy in an Optimal Redistribution Program", I analyze the efficiency of income transfers and wage subsidies as instruments of income redistribution in an optimal taxation framework. I extend the Mirrlees model (1971)...

This dissertation develops efficient semiparametric estimation of parameters and expectations in dynamic nonlinear systems and analyzes the role of environmental factors in productivity growth accounting.The first essay considers the estimation of a general class of dynamic nonlinear systems....

The concept of period length in the empirical application of cash-in-advance (CIA) models is introduced. CIA models posit that individuals and firms hold cash to purchase goods over a period. However, there has been no research into how long a period is. Existing empirical studies use quarterly...

Heckman and Singer (1984) argued that in typical longitudinal analyses, standard treatments of heterogeneity components result in incorrect parameterization of the duration model. As a consequence, estimation bias is not limited to duration dependence, but extends to the structural parameters as...

Rent controls lead not only to a smaller market quantity of rental housing; they also result in a deterioration in the quality of available rental housing. A model of the labor market is presented in which the same kind of adjustment can take place when a minimum wage is imposed. The quality of...

This dissertation examines several theoretical and empirical issues associated with exchange rate pass-through, defined as the percentage change in import prices for a one percent change in the exchange rate. The theoretical sections of this study posit a conjectural variations model of...

In the first essay, we analyze the necessary and sufficient conditions for coalitional Bayesian Nash implementation. A mechanism coalitionally implements a social choice set if any outcome of the social choice set can be achieved as a coalitional Bayesian Nash equilibrium of a mechanism and vice...