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Research over the past several years has led to development of models characterizing equilibrium in a system of local jurisdictions. An important insight from these models is that plausible single-crossing assumptions about preferences generate strong predictions about the equilibrium...
Persistent link: https://www.econbiz.de/10005114036
We develop a new dynamic general equilibrium model of firm location choice that can explain the observed sorting of firms by productivity and is consistent with the observed entry, exit, and relocation decisions of firms within an urban economy. We discuss existence of equilibrium of and...
Persistent link: https://www.econbiz.de/10011081562
We develop a new dynamic equilibrium model with heterogeneous households that captures the most important frictions that arise in housing rental markets and explains the political popularity of affordable housing policies. We estimate the model using data collected by the New York Housing...
Persistent link: https://www.econbiz.de/10012202362
The first chapter of my thesis develops and estimates a dynamic structural partial equilibrium model of schooling and work decisions.  The estimated model explicitly accounts for the simultaneous choice of enrolling in school and working.  It also allows for endogenous leisure choices,...
Persistent link: https://www.econbiz.de/10009428837