This paper considers the implications of the permanent/transitory decomposition of shocks for identification of structural models in the general case where the model might contain more than one permanent structural shock. It provides a simple and intuitive generalization of the influential work...

Se considera la estimacion y la inferencia de vectores autorregresivos en panel (VAP) con efectos fijos cuando la dimension temporal del panel es finita y la dimension de corte transversal es grande. Se propone un estimador de maxima verosimilitud (MV), basado en una funcion de verosimilitud...

This study assesses the impact of government shareholding on corporate performance using a sample of 643 non-financial companies listed on the Chinese stock exchanges. In view of the controversial empirical findings in the literature and the limitations of the least squares regressions, we adopt...

My dissertation contributes to auction studies. It analyzes the bidding behavior in multi-round auctions. It is motivated by an interesting multi-round feature observed in the procurement auctions held by the Indiana Department of Transportation (INDOT hereafter), which adopts secret reserve...

Why do some sellers auction their goods, while other sellers post a fixed price? My dissertation investigates this question using theoretical, empirical, and experimental methodologies. The first chapter takes the competitive structure of the market as given and examines how the probability that...

This dissertation studies the distributions of treatment effects in switching regimes models (SRMs). First, we propose a general class of SRMs and provide simple estimators of average treatment effects. Second, we establish sharp bounds on the joint distribution of potential outcomes and the...

This dissertation studies affiliation and entry in first-price auctions, accomplishing three goals. First, it develops a simple approach to test for affiliation among bidders' private information and applies the approach to the timber sales data in Oregon State. Second, it extends the affiliated...

My dissertation focuses on partial identification of the distribution function of treatment effects. When treatment effects are believed to be heterogeneous, policy evaluation often requires knowledge of the distribution function of potential treatment effects. This function cannot be...