Showing 261 - 270 of 446
We propose an easily implementable test of the validity of a set of theoretical restrictions on the relationship between economic variables, which do not necessarily identify the data generating process. The restrictions can be derived from any model of interactions, allowing censoring and...
Persistent link: https://www.econbiz.de/10012714180
In this paper, we describe a novel iterative procedure called SISTA to learn the underlying cost in optimal transport problems. SISTA is a hybrid between two classical methods, coordinate descent ("S"-inkhorn) and proximal gradient descent ("ISTA"). It alternates between a phase of exact...
Persistent link: https://www.econbiz.de/10013225545
We propose a new class of hedonic models with sticky prices and queues. Time replaces money as the invisible hand in the market. Unlike money, time is non-transferable to the trading partner. We prove the existence and uniqueness of the equilibrium, and we compare our model with the standard...
Persistent link: https://www.econbiz.de/10013247158
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/10013034227
Persistent link: https://www.econbiz.de/10012756477
The most common approach to estimating conditional quantile curves is to fit a curve, typically linear, pointwise for each quantile. Linear functional forms, coupled with pointwise fitting, are used for a number of reasons including parsimony of the resulting approximations and good...
Persistent link: https://www.econbiz.de/10012756874
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/10012831957
Which and how many attributes are relevant for the sorting of agents in a matching market? This paper addresses these questions by constructing indices of mutual attractiveness that aggregate information about agents’ attributes. The first k indices for agents on each side of the market...
Persistent link: https://www.econbiz.de/10010932914
Cet article illustre le lien entre identification partielle dans les modèles économétriques et critères de décision de Jaffray dans l'incertain non probabilisé à travers l'univers du choix de niveau optimal d'émissions toxiques dans un lac partagé entre deux communes.
Persistent link: https://www.econbiz.de/10011003319
La crise, apparue lors de l’été 2007, n’est pas une crise de la finance ou celle du capitalisme financier (qu’est-ce d’ailleurs qu’un capitalisme non financier ?). Elle est simplement une crise du capitalisme. Comment qualifier autrement un processus qui a combiné faillite de...
Persistent link: https://www.econbiz.de/10011003715