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The impact of reserve prices on the perceived bias of expert appraisals of fi...
We examine whether expert appraisals provided to bidders before major art auctions are unbiased indicators of value. Despite a strong grounding in theory, this aspect of optimal... -
From market shares to consumer types: Duality in differentiated product deman...
A widely applied method for differentiated product demand estimation, introduced by Berry, Levinsohn and Pakes in 1995, is founded on matching observed and theoretical market... -
Dynamic stochastic copula models: estimation, inference and applications (rep...
We propose a new dynamic copula model in which the parameter characterizing dependence follows an autoregressive process. As this model class includes the Gaussian copula with... -
Estimation of sample selection models with spatial dependence (replication data)
We consider the estimation of a sample selection model that exhibits spatial autoregressive errors (SAE). Our methodology is motivated by a two-step strategy where in the first... -
Alternative technical efficiency measures: Skew, bias and scale (replication ...
In the fixed-effects stochastic frontier model an efficiency measure relative to the best firm in the sample is universally employed. This paper considers a new measure relative... -
GMM with many weak moment conditions: Replication and application of Newey an...
In a recent article Newey and Windmeijer (Generalized method of moments with many weak moment conditions. Econometrica 2009; 77(3): 687-719) propose a new variance estimator for... -
Trade creation and diversion revisited: Accounting for model uncertainty and ...
The effect of preferential trade agreements (PTAs) on trade flows is subject to model uncertainty stemming from the diverse and even contradictory effects suggested by the... -
Specification and testing of models estimated by quadrature (replication data)
This paper proposes a test to check the specification of models with unobserved individual effects integrated out by quadrature and also a simple way of increasing the... -
Productivity and efficiency dynamics in Indian banking: An input distance fun...
Banking technology is typically characterized by multiple inputs and multiple outputs that are associated with various attributes, such as different types of deposits, loans,... -
Measuring the impact of nonignorability in panel data with non-monotone nonre...
The analysis of panel data with non-monotone nonresponse often relies on the critical and untestable assumption of ignorable missingness. It is important to assess the... -
Dynamics and equilibrium in a structural model of wide-body commercial aircra...
This paper develops and estimates a dynamic equilibrium model of the market for new and used commercial aircraft. The model is estimated by maximum simulated likelihood using... -
Traffic safety and vehicle choice: quantifying the effects of the ‘arms race’...
The increasing share of light trucks in the USA has been characterized as an arms race where individual purchases of light trucks for better self-protection nevertheless worsen... -
Instrumental variables regressions with uncertain exclusion restrictions: a B...
The identification of structural parameters in the linear instrumental variables (IV) model is typically achieved by imposing the prior identifying assumption that the error... -
Selection in a field experiment with voluntary participation (replication data)
The external validity of experiments in economics can be ensured only if participants reflect the relevant market population. We study data from a promotional campaign of... -
Stochastic monotonicity in intergenerational mobility tables (replication data)
The aim of this paper is to test for stochastic monotonicity in intergenerational socio-economic mobility tables. In other words, we question whether having a parent from a high... -
Innovation and competition: An unstable relationship (replication data)
This paper analyzes how the establishment of the United States Court of Appeals for the Federal Circuit in 1982 has affected the relationship between innovation and competition.... -
Cannabis use and mental health problems (replication data)
This paper investigates whether cannabis use leads to worse mental health. To do so, we account for common unobserved factors affecting mental health and cannabis consumption by... -
Narrow Replication of Yogo (2004) Estimating the Elasticity of Intertemporal ...
This narrow replication exercise of Yogo (Review of Economics and Statistics 2004; 86(3): 797-810) finds results identical to the original paper, and provides results on... -
The effect of location on finding a job in the Paris region (replication data)
Do spatial differences in unemployment duration reflect residential sorting or a true local effect? Focusing on the 1300 municipalities of the Paris region, we apply a... -
Assessing the temporal variation of macroeconomic forecasts by a panel of cha...
This paper calls attention to the problem of changing panel composition in surveys of forecasters and documents the problem in the Survey of Professional Forecasters. To study...
