This note introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. Our...

This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...

We investigate how the marriage market affects risk-taking and career choices in a general equilibrium framework. We show that women's relative inability to reap the benefits of a risky career due to their shorter reproductive span helps explain a set of observed gender differences in the labor...

This paper proposes a new and easy-to-estimate marriage matching function (MMF). Unlike existing MMFs, the equilibrium marriage matching distribution associated with the proposed MMF is not necessarily unique. I show its existence under minimal conditions, and provide testable conditions under...

I empirically test for a separating equilibrium in the bargaining contract of National Football League (NFL) contract negotiations. The separating equilibrium predicts that a player who delays contractual agreement signs a more lucrative contract and has positive private information on his...

We extend the search-matching model of the marriage market of Shimer and Smith (2000) to allow for labor supply, home production, match-specific shocks and endogenous divorce. We study nonparametric identification using panel data on marital status, education, family values, wages, and market...

It is the basic proposition of this paper that the problem with marginal cost theory (Coase, 1946) cannot be adequately addressed within the framework of neo-classical economics. The innumerable products and services, which are available on the market, are not provided because the cost of...

In this paper, I relax one of the common assumptions made in standard school choice problems by allowing students to rank not just schools, but school-cohort sized pairs. The intuition for this extension is the observation that a school at maximum capacity is not the same object, from a...

We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with equal endowments, but decreases over time. In a...