Airline data have shown that the fraction of customers who choose the cheapest available fare class often is much greater than that predicted by the multinomial logit (MNL) choice model calibrated with the data. For example, the fraction of customers who choose the cheapest available fare class...

Recent empirical literature documents that targeted tax reductions or minimum wages can have unintended reallocation and spillover effects on workers not directly targeted by these policies. We quantify these effects using an equilibrium search-and-matching model estimated on French data before...

Recent empirical literature documents that targeted tax reductions or minimum wages can have unintended reallocation and spillover effects on workers not directly targeted by these policies. We quantify these effects using an equilibrium search-and-matching model estimated on French data before...