In this paper we explore the impact of imperfectly competitive input markets on production function estimation. First order pro…t maximizing conditions are altered when frictions in input markets cause the elasticity of input supply to the …rm to be …nite. A consequence of this is that the...

Which and how many attributes are relevant for the sorting of agents in a matching market? This paper adresses these questions by constructing indices of mutual attractiveness that aggregate information about agents' attributes. The rst k indices for agents on each side of the market provide the...

This paper uses longitudinal test data to analyze the relation be- tween retirement and cognitive development. Controlling for individ- ual …xed e¤ects and lagged cognition, we …nd that retirees face greater declines in information processing speed than those who remain em- ployed. However,...

This paper contributes to the literature on hedonic models in two ways. First, it makes use of Queyrannes reformulation of a hedonic model in the discrete case as a network ow problem in order to pro- vide a proof of existence and integrality of a hedonic equilibrium and e¢ cient computational...

In the context of the Beckerian theory of marriage, when men and women match on a single-dimensional index that is the weighted sum of their respective multi- variate attributes, many papers in the literature have used linear canonical correlation, and related techniques, in order to estimate...

This paper proposes an assignment model where sorting occurs on at- tributes that are simultaneously a skill (Sattinger, 1979) and a preference (Tinbergen, 1956). The key feature of this model is that the wage func- tion admits both jobs and workers attributes as arguments. Since this function...

This paper proposes an equilibrium theory of the organization of work in an economy with an implicit market for productive time. In this market, agents buy or sell productive time. This implicit mar- ket gives rise to the formation of teams, organized in hierarchies with one leader (buyer) at...

In very different fields of economics, economic inference and policy evaluation require economists to parametrize a production function that links measures of input factors to measures of output. While doing so, strong assumptions are implicitly made about microeconomic variables governing the...