We study the Shapley wage function, a wage scheme in which a worker's pay depends both on the number of hours worked and on the output of the firm. We then provide a way to measure the distance of an arbitrary wage scheme to this function in limited datasets. In particular, for a fixed...

Measurement error causes a loss of distributional information, preventing the researcher from applying the deterministic revealed-preference tools at the individual level. This paper proposes a new statistical revealed-preference framework that is applicable to such cases. We use our framework...

In this study we introduce a new stochastic choice rule that categorizes objects in order to simplify the choice procedure. At any given trial, the decision maker deliberately randomizes over mental categories and chooses the best item according to her utility function within the realized...

We generalize the stochastic revealed preference methodology of McFadden and Richter (1990) for finite choice sets to settings with limited consideration. Our approach is nonparametric and requires partial choice set variation. We only impose a monotonicity condition on attention first proposed...

This paper studies nonparametric identification and counter- factual bounds for heterogeneous firms that can be ranked in terms of productivity. Our approach works when quantities and prices are latent rendering standard approaches inapplicable. Instead, we require observation of profits or...

We offer a rationalization of the weak axiom of revealed preference (WARP) and of the weak generalized axiom of revealed preference (WGARP) for both finite and infinite data sets of consumer choice. We call it maximin rationalization, in which each pairwise choice is associated with a local...

Measurement error causes a loss of distributional information, preventing the researcher from applying deterministic revealed-preference tools at the individual level. This paper proposes a new statistical revealed-preference framework that is applicable to such cases. We use our framework to...

This study presents a three-stage game demonstrating how consumer demands for products and trees and net-zero emission requirements can affect a firm's incentive to undertake carbon capture, utilization, and storage technology (CCUS) efforts. On the policy front, the regulator sets a combination...

This study presents a three-stage game demonstrating how consumer demands for products and trees and net-zero emission requirements can affect a firm's incentive to undertake carbon capture, utilization, and storage technology (CCUS) efforts. On the policy front, the regulator sets a combination...

We consider the problem of valuing inputs in a production environment in which input supply is uncertain. Inputs can be workers in a firm, risk factors for a disease, securities in a financial market, or nodes in a networked economy. Each input takes its values from a finite set, and uncertainty...