Deadlines and penalties are widely used to incentivize effort. We model how these incentive contracts affect the work rate and time taken in a procurement setting, characterizing the efficient contract design. Using new micro-level data on Minnesota highway construction contracts that includes...

Deadlines and penalties are widely used to incentivize effort. We model how these incentive contracts affect the work rate and time taken in a procurement setting, characterizing the efficient contract design. Using new micro-level data on Minnesota highway construction contracts that includes...

Deadlines and penalties are widely used to incentivize effort. We model how these incentive contracts affect the work rate and time taken in a procurement setting, characterizing the efficient contract design. Using new micro-level data on Minnesota highway construction contracts that includes...

We consider non-parametric estimation and inference of conditional moment models in high dimensions. We show that even when the dimension D of the conditioning variable is larger than the sample size n, estimation and inference is feasible as long as the distribution of the conditioning variable...

A building block of many models in empirical industrial organization is a characteristic space, where products are modeled as a bundle of characteristics over which consumers have preferences. The ability of such models to predict counterfactual outcomes depends on how well this characteristic...

Review platforms such as Yelp and TripAdvisor aggregate crowd-sourced information about users' experiences with products and services. We analyze the impact of review platforms on the hotel industry using a panel of hotel prices, sales and reviews from five US states over a 10-year period from...

We develop a decentralized Bayesian model of college admissions with two ranked colleges, heterogeneous students and two realistic match frictions: students find it costly to apply to college, and college evaluations of their applications is uncertain. Students thus face a portfolio choice...