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  • McCarthy, Ian (Center for Applied Economics and Policy Research, 2008-01-24)
    We analyze an equilibrium search model in a duopoly setting with bilateral heterogeneities in production and search costs in which firms can advertise by announcing price and location. We study existence, stability, and ...
  • 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 ...
  • 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 ...
  • Tran, Chung; Jung, Juergen (Center for Applied Economics and Policy Research, 2007-10-25)
    We analyze whether a consumer driven health care plan like the newly established Health Savings Accounts (HSAs) can reduce health care expenditures in the United States and increase the fraction of the population with ...
  • Jung, Juergen; Tran, Chung (Center for Applied Economics and Policy Research, 2008-04-11)
    We analyze whether a consumer driven health care plan like the newly established Health Savings Accounts (HSAs) can reduce health care expenditures in the United States and increase the fraction of the population with ...
  • 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 ...
  • Plante, Michael (Center for Applied Economics and Policy Research, 2008-04-10)
    This paper examines exchange rate management issues when a small open economy is hit by an exogenous oil price shock. In this model consumer durables play an important role in the demand for oil and oil based products as ...
  • Escanciano, Juan Carlos; Olmo, Jose (Center for Applied Economics and Policy Research, 2007-03-19)
    One of the implications of the creation of Basel Committee on Banking Supervision was the implementation of Value-at-Risk (VaR) as the standard tool for measuring market risk. Thereby the correct specification of parametric ...
  • Plante, Michael (Center for Applied Economics and Policy Research, 2008-04-17)
    This paper examines exchange rate management issues when a small open economy is hit by an exogenous oil price shock. In this model consumer durables play an important role in the demand for oil and oil based products as ...
  • Escanciano, Juan Carlos; Olmo, Jose (Center for Applied Economics and Policy Research, 2008-09-04)
    One of the implications of the creation of Basel Committee on Banking Supervision was the implementation of Value-at-Risk (VaR) as the standard tool for measuring market risk. Thereby the correct specification of parametric ...
  • von Furstenberg, George (Center for Applied Economics and Policy Research, 2008-04-03)
    Overpromising remains ingrained in international agreements, clouding their expected aggregate outcomes and how to assess the Parties’ performance. This paper provides a theory-based explanation and evaluation of this ...
  • Escanciano, Juan Carlos (Center for Applied Economics and Policy Research, 2007-06-12)
    This article proposes a general class of joint and marginal diagnostic tests for parametric conditional mean and variance models of possibly nonlinear non-Markovian time series sequences. The use of joint and marginal tests ...
  • Young-Ro, Yoon (Center for Applied Economics and Policy Research, 2007-07-30)
    In a model, two players, heterogeneous in their information quality, compete with each other with perfect information about the other player's information quality. If they can decide their timings of actions endogenously, ...
  • Arcalean, Calin; Glomm, Gerhard; Schiopu, Ioana; Suedekum, Jens (Center for Applied Economics and Policy Research, 2007-07-26)
    We present a dynamic two-region model with overlapping generations. There are two types of public expenditure, education and infrastructure funding, and governments decide optimally on budget size (tax rate) and its ...
  • 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 ...
  • 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 ...
  • 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 ...
  • Rahman, M Saifur (Center for Applied Economics and Policy Research, 2008-09-19)
    In this paper, I analyze consumption, aggregate savings, output and welfare implications of five different social security arrangements whenever there is demographic uncertainty. Following Bohn (2002), I analyze the effect ...
  • Murray, James (Center for Applied Economics and Policy Research, 2007-11-21)
    This paper examines the empirical significance of learning, a type of adaptive, boundedly rational expectations, in the U.S. economy within the framework of the New Keynesian model. Two popular specifications of the model ...
  • 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 ...

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