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Browsing Department of Economics by Issue Date

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Browsing Department of Economics by Issue Date

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  • Auclert, Adrien; Rognlie, Matthew (2014-09-04)
    We provide a proof that Markov Perfect equilibrium is unique in the standard infinitehorizon incomplete-market model with a default option which, following Eaton and Gersovitz (1981), has become a benchmark for quantitative ...
  • Andrews, Isaiah (2014-09-04)
    When weak identification is a concern researchers frequently calculate confidence sets in two steps, first assessing the strength of identification and then, on the basis of this initial assessment, deciding whether to use ...
  • Wheaton, William C.; Chervachidze, Serguei; nechayev, Gleb (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-19)
    MSA-level estimates of a housing supply schedule must offer a solution to the twin problems of simultaneity and stationarity that plague the time series data for local housing prices and stock. An Error Correction Model ...
  • Acemoglu, Daron; Mostagir, Mohamed; Ozdaglar, Asuman (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-17)
    Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open call. At the center of crowdsourcing is a resource allocation problem: there is an abundance of workers ...
  • Acemoglu, Daron; Laibson, David; List, John A. (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-17)
    Educational resources distributed via the Internet are rapidly proliferating. One prominent concern associated with these potentially transformative developments is that, as many of the leading technologies of the last ...
  • Acemoglu, Daron; Garcia-Jimeno, Camilo; Robinson, James A. (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-08)
    We study the direct and spillover effects of local state capacity using the network of Colombian municipalities. We model the determination of local and national state capacity as a network game in which each municipality, ...
  • Chandler, Dana, Ph. D. Massachusetts Institute of Technology (Massachusetts Institute of Technology, 2014)
    This thesis explores the economics of online labor markets. The first paper evaluates a market intervention that sought to improve efficiency within the world's largest online labor market. The second paper provides an ...
  • Jain, Anil Kumar (Massachusetts Institute of Technology, 2014)
    Chapter 1 (co-authored with Ali Choudhary) exploits exogenous variation in the amount of public information available to banks about a firm to empirically evaluate the importance of adverse selection in the credit market. ...
  • Miller, Conrad, Ph. D. Massachusetts Institute of Technology (Massachusetts Institute of Technology, 2014)
    This thesis consists of three chapters on aspects of labor market inequality. In chapter 1, I estimate the dynamic effects of federal affirmative action regulation, exploiting variation in the timing of regulation and ...
  • Zabai, Anna (Massachusetts Institute of Technology, 2014)
    In the first chapter, I explore the role of coordination problems and self-fulfilling beliefs as drivers of sovereign default risk. I employ global-game techniques to induce a unique equilibrium. Along the unique equilibrium, ...
  • Foarță, Octavia Daniela (Massachusetts Institute of Technology, 2014)
    Chapter 1 examines how political economy considerations affect the desirability of banking unions. It presents a model in which bank recapitalizations are carried out by rent-seeking policymakers. These policymakers face ...
  • Johnson, Lynn Christine, 1976- (Massachusetts Institute of Technology, 2014)
    I investigate whether voters judge the performance of their governor on taxes by comparing him to governors from neighboring states. If voters do make these comparisons, it creates "yardstick competition," where governors ...
  • Andrews, Isaiah Smith (Massachusetts Institute of Technology, 2014)
    Economic researchers and policymakers need reliable tools both to estimate economic relationships and to measure the uncertainty surrounding their estimates. Unfortunately, economic data sometimes contains limited information ...
  • Feigenberg, Benjamin (Massachusetts Institute of Technology, 2014)
    The first chapter of this dissertation examines the market for private school. Private school market shares are rising steadily in many developing countries, but we have a limited understanding of how private schools set ...
  • Lee, Joonhwan; Fernández-Val, Iván (Massachusetts Institute of Technology, 2014)
    This paper considers fixed effects estimation and inference in linear and nonlinear panel data models with random coefficients and endogenous regressors. The quantities of interest - means, variances, and other moments of ...
  • Forsythe, Eliza C. (Eliza Carla) (Massachusetts Institute of Technology, 2014)
    Workers find wage-growth and job-satisfaction by building careers. However a worker's ability to string together a sequence of jobs relies on the availability of appropriate opportunities either within their current firm ...
  • Gómez-González, Patricia; Rees, Daniel (Massachusetts Institute of Technology, 2014)
    This thesis examines several aspects of open economies. The first two chapters are about sovereign debt and its interactions with domestic financial markets. The third chapter, coauthored with my classmate Daniel Rees, ...
  • Lang, Ruitian (Massachusetts Institute of Technology, 2014)
    The dissertation considers three topics in dynamic games and mechanism design. In both problems, asymmetric information causes inefficiency in production and allocation. The first chapter considers the inefficiency from ...
  • Polyakova, Maria A. (Maria Alexandrovna) (Massachusetts Institute of Technology, 2014)
    The first chapter takes advantage of the evolution of the regulatory and pricing environment in the first years of a large federal prescription drug insurance program for seniors - Medicare Part D - to explore interactions ...
  • Palmer, Christopher John (Massachusetts Institute of Technology, 2014)
    The first chapter consists of my job-market paper. The foreclosure rate of sub-prime mortgages increased markedly across 2003-2007 borrower cohorts-sub-prime mortgages originated in 2006- 2007 were roughly three times more ...
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