Showing 1 - 10 of 290
approach is based on a game-theoretic two-sided matching model and the estimation strategy employs the method of simulated …
Persistent link: https://www.econbiz.de/10013221501
Agents in two-sided matching games vary in characteristics that are unobservable in typical data on matching markets …. In full generality, we consider many-to-many matching and matching with trades. The distribution of match …
Persistent link: https://www.econbiz.de/10013104978
I study a many-to-many, two-sided, transferable-utility matching game. Consider data on matches or relationships …
Persistent link: https://www.econbiz.de/10013152436
I explore the estimation of transferable utility matching games, encompassing many-to-many matching, marriage and … matching with trading networks (trades). I introduce a matching maximum score estimator that does not suffer from a … computational curse of dimensionality in the number of agents in a matching market. I apply the estimator to data on the car parts …
Persistent link: https://www.econbiz.de/10013232762
We define the median stable matching for two-sided matching markets with side payments and prove constructively that it …
Persistent link: https://www.econbiz.de/10012757924
Using nonparametric techniques, we develop a methodology for estimating conditional alphas and betas and long-run alphas and betas, which are the averages of conditional alphas and betas, respectively, across time. The tests can be performed for a single asset or jointly across portfolios. The...
Persistent link: https://www.econbiz.de/10013118847
We derive a lower bound for the size of the permanent component of asset pricing kernels. The bound is based on return properties of long-term zero-coupon bonds, risk-free bonds, and other risky securities. We find the permanent component of the pricing kernel to be very large; its volatility is...
Persistent link: https://www.econbiz.de/10012787651
What tariffs would countries impose if they did not have to fear any retaliation? What would occur if there was a complete breakdown of trade policy cooperation? What would be the outcome if countries engaged in fully efficient trade negotiations? And what would happen to trade policy...
Persistent link: https://www.econbiz.de/10012997374
Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...
Persistent link: https://www.econbiz.de/10013224395
The use of moral appeals to affect the behavior of others is pervasive (from the pulpit to ethics classes) but little is known about the effects of moral suasion on behavior. In a series of experiments we study whether moral suasion affects behavior in voluntary contribution games and mechanisms...
Persistent link: https://www.econbiz.de/10013149983