Showing 1 - 10 of 59
We propose a computationally feasible inference method infinite games of complete information. Galichon and Henry (2011) and Beresteanu, Molchanov, and Molinari (2011) show that such models are equivalent to a collection of moment inequalities that increases exponentially with the number of...
Persistent link: https://www.econbiz.de/10009421300
This paper deals with the question whether exclusion restrictions on the exogenous regressors are necessary to identify two equation probit models with endogenous dummy regressor. We show that Wilde (2000)’s criterion is insufficient for (point) identification.
Persistent link: https://www.econbiz.de/10011116226
This paper develops and tests a model of profit-sharing arrangement over returns to a student migration investment. Taking advantage of a unique dataset on Cameroonian students, I find evidence of non-commitment bargaining between student, parents and an outside helper. The commitment problem...
Persistent link: https://www.econbiz.de/10010948796
This paper studies the decision made by a family to invest in student migration. We propose an empirical structural decision model which reflects the importance of both the return to the investment and the budgetary constraint in the choice of the family. We circumvent the problem of endogeneity...
Persistent link: https://www.econbiz.de/10010747226
Persistent link: https://www.econbiz.de/10005521074
This paper contributes to the literature on hedonic models in two ways. First, it makes use of Queyranne's reformulation of a hedonic model in the discrete case as a network flow problem in order to provide a proof of existence and integrality of a hedonic equilibrium and efficient computational...
Persistent link: https://www.econbiz.de/10011105071
We derive the empirical content of Nash equilibrium in 2×2 games of perfect information, including duopoly entry and coordination games. The derived bounds are nonparametric intersection bounds and are simple enough to lend themselves to existing inference methods. Implications of pure strategy...
Persistent link: https://www.econbiz.de/10011166108
We revisit Machina's local utility as a tool to analyze attitudes to multivariate risks. Using martingale embedding techniques, we show that for non-expected utility maximizers choosing between multivariate prospects, aversion to multivariate mean preserving increases in risk is equivalent to...
Persistent link: https://www.econbiz.de/10011183756
Cet article illustre le lien entre identification partielle dans les modèles économétriques et critère de décision de Jaffray dans l'incertain non probabilisé à travers le problème du choix de niveau optimal d'émissions toxiques dans un lac partagé entre deux communes.
Persistent link: https://www.econbiz.de/10011183760
This article illustrates the relationship between partial identification in econometric models and the Jaffray model of decision under ambiguity with the problem of determining the optimal emissions level of toxic waste into a shared lake. Code JEL : C18, D81, Q51
Persistent link: https://www.econbiz.de/10011187997