Browsing CAEPR Working Papers by Issue Date

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  • Ahn, T.K.; Lee, Myungsuk; Ruttan, Lore; Walker, James (Center for Applied Economics and Policy Research, 2006-08-28)
    We investigate the role of payoff asymmetry in laboratory prisoner’s dilemma games. Symmetric and Asymmetric games are examined in simultaneous and sequential settings. In the asymmetric/sequential games, we study the ...
  • 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 ...
  • Baker, Ronald J., II; Walker, James M.; Williams, Arlington W. (2006-09-29)
    Laboratory experiments are used to study the voluntary provision of a pure public good in the presence of an anonymous external donor. The external funds are used in two different settings, lump-sum matching and one-to-one ...
  • Walker, Todd B. (2006-09-29)
    Accommodating asymmetric information in a dynamic asset pricing model is technically challenging due to the problems associated with higher-order expectations. That is, rational investors are forced into a situation where ...
  • Kasa, Kenneth; Walker, Todd B.; Whiteman, Charles H. (2006-10-13)
    This paper develops a dynamic asset pricing model with persistent heterogeneous beliefs. The model features competitive traders who receive idiosyncratic signals about an underlying fundamentals process. We adapt Futia’s ...
  • Millimet, Daniel; Tchernis, Rusty (2006-10-17)
    The use of propensity score methods for program evaluation with non-experimental data typically requires the propensity score be estimated, often with a model whose specification is unknown. While theoretical results ...
  • Alvarez, Roberto; Lopez, Ricardo (2006-10-23)
    This paper investigates whether exporting generates positive productivity spillover effects on other plants operating in the same industry and whether exporting affects productivity of plants in vertically related industries. ...
  • Alvarez, Roberto; Lopez, Ricardo (2006-10-23)
    Several studies examine the patterns and determinants of entry and exit in manufacturing industries. Not much work exists on entry and exit in international markets. This paper uses Chilean data to analyze the determinants ...
  • 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 ...
  • Faruq, Hasan (2006-11-27)
    This paper examines why different countries export different qualities of products. Previous studies have attributed quality dispersion to differences in factor endowments while no empirical work has been done examining ...
  • Fertig, Angela; Glomm, Gerhard; Tchernis, Rusty (2006-12-18)
    This paper investigates the channels through which maternal employment affects childhood obesity. We use time diaries and interview responses from the Child Development Supplement of the Panel Study of Income Dynamics which ...
  • Glomm, Gerhard; Kawaguchi, Daiji; Sepulveda, Facundo (2007-01-03)
    This paper examines a revenue neutral green tax reform along the lines of the Double Dividend hypothesis. Using a dynamic general equilibrium model calibrated to the US economy, we find that increasing gasoline taxes and ...
  • von Furstenberg, George; von Kalckreuth, Ulf (Center for Applied Economics and Policy Research, 2007-01-08)
    Rajan & Zingales (1998) use U.S. Compustat firm data for the 1980s to obtain measures of manufacturing sectors’ Dependence on External Finance (DEF). They take any differences in these measures to be structural/technological ...
  • Arcalean, Calin; Glomm, Gerhard; Schiopu, Ioana (Center for Applied Economics and Policy Research, 2007-01-31)
    We develop a two-region, two sector model with migration and public investment in infrastructure and education. In a numerical example calibrated to Portugal, we find that the structural funds can improve the growth rate ...
  • 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 ...
  • 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 ...
  • 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, 2007-05-22)
    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 ...
  • 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 ...
  • Yoon, Young-Ro (Center for Applied Economics and Policy Research, 2007-06-19)
    This paper explores the effects of costly information and asymmetry in reward and penalty on an agent's strategic behavior in acquiring and revealing information. Whether information is costly to acquire or not, in order ...

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