Showing 1 - 10 of 1,422
This paper reviews recent developments in nonparametric identification of measurement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10013029599
weighted sum of their respective multivariate attributes, many papers in the literature have used linear canonical correlation … suggest some solutions. -- matching ; marriage ; assignment ; assortative matching ; canonical correlation …
Persistent link: https://www.econbiz.de/10009631441
/N diversification strategies. With a comprehensive dataset spanning decades, the research provides actionable insights …, emphasizing simplicity and diversification to enhance decision-making for investors, fund managers, and policymakers navigating …
Persistent link: https://www.econbiz.de/10015192454
such as minimum variance (MV), risk parity (RP), and maximum diversification (MD). It is well known that the performance of …
Persistent link: https://www.econbiz.de/10011883260
Persistent link: https://www.econbiz.de/10011808176
This paper derives conditions for identification of a general class of sample selection models that allows for selection based on, for example, game-theoretic models. The conditions apply to models with binary or continuous outcome variables and generalize the conditions for the standard Heckman...
Persistent link: https://www.econbiz.de/10014026145
Centralized school assignment algorithms must distinguish between applicants with the same preferences and priorities. This is done with randomly assigned lottery numbers, nonlottery tie-breakers like test scores, or both. The New York City public high school match illustrates the latter, using...
Persistent link: https://www.econbiz.de/10011989205
We propose two Mathematical Programming with Equilibrium Constraints (MPEC) formulations: the MPEC-Sparse and the MPEC-Dense to estimate a class of separable matching models. We compare MPEC with the Nested Fixed-Point (NFXP) algorithm -- a well-received method in the literature of structural...
Persistent link: https://www.econbiz.de/10012854348
A large class of two-sided matching models that include both transferable and non-transferable utility result in positive assortative matching along a latent index. Data from matching markets, however, may not exhibit perfect assortativity due to the presence of unobserved characteristics. This...
Persistent link: https://www.econbiz.de/10011801605
In this paper, the authors develop a new estimation method that is suitable for censored models with two high-dimensional fixed effects and that is based on a sequence of least squares regressions, yielding significant savings in computing time and hence making it applicable to frameworks in...
Persistent link: https://www.econbiz.de/10010373786