Browsing Center for Applied Economics and Policy Research by Title

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  • Murray, James (Center for Applied Economics and Policy Research, 2008-04-30)
    This paper examines the "bad luck" explanation for changing volatility in U.S. inflation and output when agents do not have rational expectations, but instead form expectations through least squares learning with an ...
  • Schmidt, David; Shupp, Robert; Walker, James (Center for Applied Economics and Policy Research, 2006-08-29)
    Across many forms of rent seeking contests, the impact of risk aversion on equilibrium play is indeterminate. We design an experiment to compare individuals’ decisions across three contests which are isomorphic under ...
  • Chamarbagwala, Rubiana; Tchernis, Rusty (2006-10-23)
    This paper aims to summarize the unexplained propensity of children to engage in work, school, or neither. After controlling for a wide range of determinants of child labor, schooling, and idleness, we estimate a hierarchical ...
  • McCarthy, Ian; Tchernis, Rusty (Center for Applied Economics and Policy Research, 2008-04-03)
    There is increasing evidence suggesting that Medicare beneficiaries do not make fully informed decisions when choosing among alternative Medicare health plans. To the extent that deciphering the intricacies of alternative ...
  • Rahman, M Saifur (Center for Applied Economics and Policy Research, 2008-09-19)
    Traditionally, Dynamic Scoring calculations experiments are carried out using representative agent based macroeconomic models. Existing literature does not provide any objection to this approach. In this paper, I develop ...
  • McCarthy, Ian (Center for Applied Economics and Policy Research, 2008-04-30)
    This paper studies advertising, price ceilings and taxes in a sequential search model with bilateral heterogeneities in production and search costs. We estimate equilibria using a genetic algorithm (GA) applied to over 100 ...
  • Park, Seok Gil (Center for Applied Economics and Policy Research, 2007-02-21)
    Sterilized foreign exchange market interventions have been suspected of being inefficient by many empirical studies, but they are plagued by endogeneity problems. To solve the problems, this paper identifies a system that ...
  • Park, Seok Gil (Center for Applied Economics and Policy Research, 2008-06-12)
    Sterilized foreign exchange market interventions have been suspected of being inefficient by many empirical studies, but they are plagued by endogeneity problems. To solve the problems, this paper identifies a system that ...
  • Escanciano, Juan Carlos; Velasco, Carlos (Center for Applied Economics and Policy Research, 2008-08-15)
    This article proposes omnibus specification tests of parametric dynamic quantile regression models. Contrary to the existing procedures, we allow for a flexible and general specification framework where a possibly continuum ...
  • Yoon, Young-Ro (Center for Applied Economics and Policy Research, 2008-08-25)
    Can valuable information be disclosed intentionally by the informed agent even within a competitive environment? In this article, we bring our interest into the asymmetry in reward and penalty in the payoff structure and ...
  • Young-Ro, Yoon (Center for Applied Economics and Policy Research, 2007-07-02)
    In this article, we deal with the topic of intentional information spillover using a model in which both informational- and payoff-externalities are present and the timing of agents' actions is endogenous. In this model, ...
  • Lopez, Ricardo; Suedekum, Jens (Center for Applied Economics and Policy Research, 2007-09-11)
    We use disaggregated data on Chilean plants, and the Chilean input-output table to examine the impact of agglomeration spillovers on total factor productivity (TFP). In common with previous studies, we find evidence of ...
  • Lee, Changmin (Center for Applied Economics and Policy Research, 2007-05-22)
    I analyze directorships held by CEOs who retired during 1989-1993 and during 1998-2002. My results suggest that retired CEOs became more popular on boards. Also, although pre-retirement accounting performance helps explain ...
  • Lee, Changmin (Center for Applied Economics and Policy Research, 2007-08-14)
    This paper develops a matching model in the director market with outside options to explain the equilibrium board quality. Based on Hermalin (2005) and Gabaix and Landier (2006), the board of directors has the function of ...
  • Lee, Changmin (Center for Applied Economics and Policy Research, 2007-05-22)
    This paper develops a matching model in the director market with outside options to explain the equilibrium board quality. Based on Hermalin (2005) and Gabaix and Landier (2006), the board of directors has the function of ...

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