We exploit the introduction of pedestrian countdown signals—timers that indicate when traffic lights will change—to evaluate a policy that improves the information of all market participants. We find that although countdown signals reduce the number of pedestrians struck by automobiles, they...

Most studies analyzing the adjustments of workers to discrimination focus on sorting decisions, such as occupations workers pursue. We instead analyze on-the-job adjustments, focusing on the effects of discrimination by consumers. Specifically, using extraordinary data from a large-scale...

The convergence of policy choices across governments is often rationalized as the outcome of countries learning from each others experiences. However, policy convergence can also arise if policymakers fear being alone in their decisions, and have career concerns should they subsequently be...

This paper examines the consequences of participation in unenforceable international human rights institutions for economic and political development. Specifically, we study the empirical relationship between foreign aid, human rights, and participation in the United Nations Human Rights...

We derive marginal conditions of optimality (i.e., Euler equations) for a general class of Dynamic Discrete Choice (DDC) structural models. These conditions can be used to estimate structural parameters in these models without having to solve for or approximate value functions. This result...

The development of two-step econometric methods for dynamic structural models has afforded researchers the ability to estimate models with large state spaces without having to compute a full solution of the model even once. However, regardless of the method used for estimation, the...

We derive marginal conditions of optimality (i.e., Euler equations) for a general class of Dynamic Discrete Choice (DDC) structural models. These conditions can be used to estimate structural parameters in these models without having to solve for or approximate value functions. This result...

This paper deals with the identification and estimation of dynamic games when players’ beliefs about other players’ actions are biased, i.e., beliefs do not represent the probability distribution of the actual behavior of other players conditional on the information available....