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This paper derives conditions under which preferences and technology are nonparametrically identified in hedonic equilibrium models, where products are differentiated along more than one dimension and agents are characterized by several dimensions of unobserved heterogeneity. With products...
Persistent link: https://www.econbiz.de/10012013952
We propose a notion of conditional vector quantile function and a vector quantile regression. A conditional vector quantile function (CVQF) of a random vector Y, taking values in Rd given covariates Z=z, taking values in Rk, is a map u -- QY|Z(u,z), which is monotone, in the sense of being a...
Persistent link: https://www.econbiz.de/10011337670
We propose new concepts of statistical depth, multivariate quantiles, vector quantiles and ranks, ranks, and signs, based on canonical transportation maps between a distribution of interest on Rd and a reference distribution on the d-dimensional unit ball. The new depth concept, called...
Persistent link: https://www.econbiz.de/10011337674
We propose a notion of conditional vector quantile function and a vector quantile regression. A conditional vector quantile function (CVQF) of a random vector Y, taking values in Rd given covariates Z=z, taking values in Rk, is a map u -- QY|Z(u,z), which is monotone, in the sense of being a...
Persistent link: https://www.econbiz.de/10010459266
We analyze the effects of taxation in two-sided matching markets where agents have heterogeneous preferences over potential partners. Our model provides a continuous link between models of matching with and without transfers. Taxes generate inefficiency on the allocative margin, by changing who...
Persistent link: https://www.econbiz.de/10012232898
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This note introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. Our...
Persistent link: https://www.econbiz.de/10011704355
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