This study proposes an information-theoretic deconvolution method to approximate the entire distribution of individual treatment effect. This method uses higher-order information implied by the standard average treatment effect estimator to construct a maximum entropy approximation to the...

Traditional local economic development policies entice private businesses to create highpaying jobs in a given jurisdiction through direct subsidies or by projecting a positive “business climate†within regional and global arenas. Since 1994 however, “living wage†ordinances...

The paper studies the relationship between wage dispersion and centralization. We distinguish between two sources of wage differentials: Heterogenous -workers with different skills and firms with varying levels of economic rent per employee. The corresponding dimensions of centralization, i.e....

We develop a generalized maximum entropy estimator that can estimate pure and mixed strategies subject to restrictions from game theory. This method avoids distributional assumptions and is consistent and efficient. We demonstrate this method by estimating the mixed strategies of duopolistic...

Data on 18 rich democracies 1968-87 show that job creation is mainly a product of demographic changes (age structure, net migration rates) and changes in social structure (the rate of family breakup as it relates to poverty and the history of female labor-force participation) -- clues to an...

There is now a solid set of results from economic sociologists concerning the spread and implementation of "shareholder value" strategies across publicly held corporations in the United States during the 1980s. Corporations were financially reorganized and used the tactics of selling off...