Showing 1 - 10 of 65
This paper considers the widely admitted ill-posed inverse problem for measurement error models: estimating the distribution of a latent variable X∗ from an observed sample of X, a contaminated measurement of X∗. We show that the inverse problem is well-posed for self-reporting data under...
Persistent link: https://www.econbiz.de/10011052202
This paper considers identification and estimation of a general model for online price competition. We show that when the number of competing firms is unknown, the underlying parameters of the model can still be identified and estimated employing recently developed results on measurement error....
Persistent link: https://www.econbiz.de/10008727358
It is widely admitted that the inverse problem of estimating the distribution of a latent variable X* from an observed sample of X, a contaminated measurement of X*, is ill-posed. This paper shows that a property of self-reporting errors, observed from validation studies, is that the probability...
Persistent link: https://www.econbiz.de/10008479703
In this paper, we consider nonparametric identification and estimation of first-price auction models when N*, the number of potential bidders, is unknown to the researcher, but observed by bidders. Exploiting results from the recent econometric literature on models with misclassification error,...
Persistent link: https://www.econbiz.de/10008866546
It is widely admitted that the inverse problem of estimating the distribution of a latent variable X* from an observed sample of X, a contaminated measurement of X*, is ill-posed. This paper shows that measurement error models for self-reporting data are well-posed, assuming the probability of...
Persistent link: https://www.econbiz.de/10008631358
This paper (1) presents a general model of online price competition, (2) shows how to structurally estimate the underlying parameters of the model when the number of competing firms is unknown or in dispute, (3) estimates these parameters based on UK data for personal digital assistants, and (4)...
Persistent link: https://www.econbiz.de/10008457307
We introduce a structural model of procurement auctions with incomplete contracts, where a procurer chooses an initial project specification endogenously. The contract between the procurer and the winner of the auction is incomplete in that the two parties may agree to adopt a new feasible...
Persistent link: https://www.econbiz.de/10011195659
We study the nonparametric identification and estimation of a structural model for committee decisions. Members of a committee share a common information set, but differ in ideological bias while processing multiple information sources and in individual tastes while weighing multiple objectives....
Persistent link: https://www.econbiz.de/10010822893
This paper empirically investigates the determinants of aggregate health expenditure in a panel of OECD countries from 1980-2005. We differ from most existing studies by testing some new determinants motivated by recent theoretical advances in the literature. We find that a one percentage...
Persistent link: https://www.econbiz.de/10010937816
We study a congestion model where a continuum of heterogeneous commuters make a binary choice between riding a bus and driving private vehicles for their commutes. Formulating the model as a large game, we establish the existence and uniqueness of a nontrivial Nash equilibrium and analyze how a...
Persistent link: https://www.econbiz.de/10010573334