Showing 1 - 10 of 16
This paper considers structural nonparametric random utility models for continuous choice variables. It provides suffcient conditions on random preferences to yield reduced- form systems of nonparametric stochastic demand functions that allow global invertibility between demands and random...
Persistent link: https://www.econbiz.de/10010318451
This paper considers parametric estimation problems with independent, identically,non-regularly distributed data. It focuses on rate-effciency, in the sense of maximal possible convergence rates of stochastically bounded estimators, as an optimality criterion,largely unexplored in parametric...
Persistent link: https://www.econbiz.de/10010318471
This paper considers parametric estimation problems with i.i.d. data. It focusses on rate-effciency, in the sense of maximal possible convergence rates of stochastically bounded estimators, as an optimality criterion, largely unexplored in parametric estimation. Under mild conditions, the...
Persistent link: https://www.econbiz.de/10010318503
We investigate the consequences of discreteness in the assignment variable in regression-discontinuity designs for cases where the outcome variable is itself discrete. When the assignment variable is discrete, standard confidence intervals do not have the nominal level of coverage, but...
Persistent link: https://www.econbiz.de/10014581817
This paper considers the empirical assessment of the relationship between prices and number of firms in local markets in geographic or, more generally, characteristic space and its use as evidence in merger cases. It outlines a structural, semi-nonparametric econometric model of competition in...
Persistent link: https://www.econbiz.de/10010299827
This paper considers the empirical assessment of the relationship between prices and number of firms in local markets in geographic or, more generally, characteristic space and its use as evidence in merger cases. It outlines a structural, semi-nonparametric econometric model of competition in...
Persistent link: https://www.econbiz.de/10010300294
This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The...
Persistent link: https://www.econbiz.de/10010300369
This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The...
Persistent link: https://www.econbiz.de/10010302708
This paper studies regulatory policy interventions aimed at protecting vulnerable consumers who are disengaged and thus exposed to exploitation. We model heterogeneous consumer switching costs alongside asymmetric market shares. This setting encompasses many markets in which established rms are...
Persistent link: https://www.econbiz.de/10012028677
A common reform used to increase consumer choice and competition in public services has been to allow private providers to compete with public incumbents. However, there remains a concern that not all consumers are able to benefit equally from wider choice. We consider the case of publicly...
Persistent link: https://www.econbiz.de/10012028702