This paper takes a closer look at the way unobserved characteristics of individuals confound wages and firm tenure. In turn of our structural analysis, which is built on estimating a reduced form for tenure and a structural wage equation, we disentangle returns to a latent type variable from...

We develop a structural econometric framework that allows us to simulate the effects of mergers among two-sided platforms selling differentiated products. We apply the proposed methodology to the Dutch newspaper industry. Our structural model encompasses demands for differentiated products on...

Recent studies debate how the unobserved dependence between the monetary return to college education and selection into college can be characterised. This paper examines this question using British data. We develop a semiparametric local instrumental variables estimator for identified features...

Ein Drittel des städtischen Verkehrs ist Wirtschaftsverkehr, d.h. Güterverkehr sowie Dienstleistungs- und Geschäftsfahrten. Aktuelle Trends der Arbeitsteilung, des Online-Handels und Kundenansprüche wie schnelle Lieferzeiten oder kleinere Zeitfenster führen zu kleineren Sendungsgrößen...

Ein Drittel des städtischen Verkehrs ist Wirtschaftsverkehr, d.h. Güterverkehr sowie Dienstleistungs- und Geschäftsfahrten. Aktuelle Trends der Arbeitsteilung, des Online-Handels und Kundenansprüche wie schnelle Lieferzeiten oder kleinere Zeitfenster führen zu kleineren Sendungsgrößen...

Understanding how health care utilization responds to cost-sharing incentives is of central importance for providing high quality care and limiting the growth of costs. While there is compelling evidence that patients react to financial incentives, it is less well understood how and why specific...

Health insurance premiums often do not reflect individual health risks, implying redistribution from individuals with low health risks to individuals with high health risks. This paper studies whether more cost-sharing leads to less redistribution and to lower welfare of high-risk individuals....