Showing 1 - 10 of 20
Persistent link: https://www.econbiz.de/10008764512
Accurate measurements of probabilistic beliefs have become increasingly important both in practice and in academia. Introduced by statisticians in the 1950s to promote truthful reports in simple environments, Proper Scoring Rules (PSR) are now arguably the most popular incentivized mechanisms to...
Persistent link: https://www.econbiz.de/10008643922
There is a debate about whether risk aversion is the main source of overbidding in a first-price independent private values auction. As an alternative, we adopt a non-expected utility framework, and identify an interpretable property on the probability weighting function which always induces...
Persistent link: https://www.econbiz.de/10008465360
This paper proposes a new Bayesian approach for estimating, nonparametrically, parameters in econometric models that are characterized as the solution of a linear inverse problem. By using a Gaussian process prior distribution we propose the posterior mean as an estimator and prove consistency,...
Persistent link: https://www.econbiz.de/10011160752
Persistent link: https://www.econbiz.de/10008643919
This paper studies identification for a broad class of empirical games in a general functional setting. Global identification results are known for some specific models, for instance in some standard auction models. We use functional formulations to obtain general criteria for local...
Persistent link: https://www.econbiz.de/10008643920
We propose a Quasi-Bayesian nonparametric approach to estimating the structural relationship ' among endogenous variables when instruments are available. We show that the posterior distribution of ' is inconsistent in the frequentist sense. We interpret this fact as the ill-posedness of the...
Persistent link: https://www.econbiz.de/10008643924
This paper constructs an economic analysis of some organ donation organizations. The two main examples are voluntary marrow donor registries and cord blood banks. The main characteristic of this system is to facilitate the graft of bone marrow or cord blood to patients. These grafts require a...
Persistent link: https://www.econbiz.de/10008643925
Persistent link: https://www.econbiz.de/10008643926
In this paper we investigate the problem of nonparametric monotone frontier estimation from an extreme-values theory perspective. This allows to revisit the asymptotic theory of the popular Free Disposal Hull estimator in a general setup, to derive new and asymptotically Gaussian estimators and...
Persistent link: https://www.econbiz.de/10008643927