This paper applies an equilibrium search to study the transition from schooling to work of US high school graduates. We consider the case where there is heterogeneity in firm productivity and the number of firm types is discrete. For this case the estimation problem is non-standard and the...

Stimulus-response (SR) and belief-based learning (BBL) models are estimated with experimental data from sender-receiver games and compared using the Davidson and MacKinnon P-test for non-nested hypotheses. Depending on a certain adjustment parameter, the P-test favors the SR model, the BBL model...

Sports leagues are unusual organizations because they mix elements of competition and cooperation. Competition between members of the league is important because teams exist to produce competition for either their own, or their customers, satisfaction.

Specification and extimation of a burdett-mortensen type equilibrium search model is considered. The estimation problem is nonstandard. An estimation strategy asymptotically equivalent to maximum likelihood is proposed and applied.