Individual players in a simultaneous equation binary choice model act differently in different environments in ways that are frequently not captured by observables and a simple additive random error. This paper proposes a random coefficient specification to capture this type of heterogeneity in...

Call an economic model incomplete if it does not generate a probabilistic prediction even given knowledge of all parameter values. We propose a method of inference about unknown parameters for such models that is robust to heterogeneity and dependence of unknown form. The key is a Central Limit...

Call an economic model incomplete if it does not generate a probabilistic prediction even given knowledge of all parameter values. We propose a method of inference about unknown parameters for such models that is robust to heterogeneity and dependence of unknown form. The key is a Central Limit...

Film cooling is an essential external cooling technology in turbomachinery. In this paper, firstly, an original hole on the flat model was optimized with the RBNN surrogate model and CS optimization algorithm. The optimization variables are the laid-back angle( δ ), the expend angle( β ) and...

Lithium-ion battery (LIB) related companies can employ blockchain to record data used to assess the health status of LIBs and thus recycle decommissioned LIBs in an environmentally friendly and economic manner. However, whether blockchain adoption is helpful for the environment and company...