Objectives: Investigate how different model assumptions have driven the conflicting findings in the literature on the deterrence effect of capital punishment. Methods: The deterrence effect of capital punishment is estimated across different models that reflect the following sources of model...

We investigate equilibrium impacts of federal policies such as free-college proposals, taking into account that human capital production is cumulative and that state governments have resource constraints. In the model, a state government cares about household welfare and aggregate educational...

Many multiple attribute decision analysis problems include both quantitative and qualitative attributes with various kinds of uncertainties such as ignorance, fuzziness, interval data, and interval belief degrees. An evidential reasoning (ER) approach developed in the 1990s and in recent years...

I develop and estimate a structural equilibrium model of the college market. Students, having heterogeneous abilities and preferences, make application decisions subject to uncertainty and application costs. Colleges, observing noisy measures of student ability, choose tuition and admissions...

With the aim of modeling multiple attribute group decision analysis problems with group consensus (GC) requirements, a GC based evidential reasoning approach and further an attribute weight based feedback model are sequentially developed based on an evidential reasoning (ER) approach. In real...

Online appendix for the Review of Economic Dynamics article

In an evidential reasoning context, a group consensus (GC) based approach can model multiple attributive group decision analysis problems with GC requirements. The predefined GC is reached through several rounds of group analysis and discussion (GAD) in the approach. However, the GAD with no...

An important debate centers on what procedure should be used to allocate students across public schools. We contribute to this debate by developing and estimating a model of school choices by households under one of the most popular procedures known as the Boston mechanism (BM). We recover the...

Oxy-combustion is a competitive technology to capture CO2. Current air separation technologies for high volume O2 production are based on cryogenic distillation. When a double-column distillation cycle is applied to produce O2 with a purity of 95 mol%, the oxygen production process is causing...

The panel data literature on deterrence and capital punishment contains a wide range of empirical claims despite the use of common data sets for analysis. We interpret the diversity of findings in the literature in terms of differences in statistical model assumptions. Rather than attempt to...