Working Papers

From University of California, Davis, Department of Economics
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215: Distributing the Benefits From the Commons: Square-Root Formula

Joaquim Silvestre

214: Some Practical Aspects of Pluralism

Thomas Mayer

213: INCENTIVE-COMPATIBLE AND EFFICIENT RESOURCE ALLOCATION IN LARGE ECONOMIES: AN EXACT AND LOCAL APPROACH

Harris Dellas and Klaus Nehring

212: RANDOM-TIME AGGREGATION IN PARTIAL AJUSTMENT MODELS

Oscar Jorda

211: A New Algorithm for Solving Dynamic Stochastic Macroeconomic Models

Kevin Salyer, Victor Dorofeenko and Gabriel Lee

210: IMPROVED TESTING AND SPECIFICATION OF SMOOTH TRANSITION REGRESSION MODELS

Oscar Jorda and Alvaro Escribano

209: Four Logics for Minimal Belief Revision

Giacomo Bonanno

208: Exploring the gap between perfect Bayesian equilibrium and sequential equilibrium

Giacomo Bonanno

207: Decision Rules for Selecting between Exponential and Logistic STAR

Oscar Jorda

206: THE LOGIC OF BELIEF PERSISTENCY

Giacomo Bonanno and Pierpaolo Battigalli

205: Competition and the Location of Overseas Assembly

Deborah Swenson

204: Kuhn's Theorem for Extensive Games with Unawareness

Burkhard Schipper

203: Measuring Systematic Monetary Policy

Oscar Jorda and Kevin Hoover

202: Does Exposure to Unawareness Affect Risk Preferences? A Preliminary Result

Burkhard Schipper and Wenjun Ma

201: Inference for Impulse Responses

Oscar Jorda

200: DATA MINING RECONSIDERED: ENCOMPASSING AND THE GENERAL-TO-SPECIFIC APPROACH TO SPECIFICATION SEARCH

Kevin Hoover and Stephen J. Perez

199: Dr. Keynes: Economic Theory in a Diagnostic Science

Kevin Hoover

198: USING GOVERNMENT DOCUMENTS TO ASSESS THE INFLUENCE OF ACADEMIC RESEARCH ON MACROECONOMIC POLICY

Thomas Mayer and Joaquim Silvestre

197: CREDIT CONSTRAINTS IN GENERAL EQUILIBRIUM: EXPERIMENTAL RESULTS

Antoni Bosch-Domènech and Joaquim Silvestre

196: Carry Trade

Oscar Jorda

195: Does Egalitarianism Have a Future?

Giacomo Bonanno, John Roemer, Wen Hai, Shunli Yao and Louis Putterman

194: Unemployment Insurance and Optimal Taxation in Search Models of the Labor Market

Athanasios Geromichalos

193: MONOTONICITY IMPLIES STRATEGY-PROOFNESS FOR CORRESPONDENCES

Klaus Nehring and Massimiliano Marcellino

192: The Pavlovian Response of Term Rates to Fed Announcements

Oscar Jorda and Selva Demiralp

191: INTRODUCTION TO THE SEMANTICS OF BELIEF AND COMMON BELIEF

Giacomo Bonanno and Klaus Nehring

190: TRADE UNIONS AND TRANSFER PAYMENTS: WHEN ARE THEY REASONS TO PREFER DEMOCRACY TO DICTATORSHIP?

John Roemer

189: Time-Varying Uncertainty and the Credit Channel

Kevin Salyer and Gabriel Lee

188: BOETTKE'S AUSTRIAN CRITIQUE OF MAINSTREAM ECONOMICS: AN EMPIRICIST'S RESPONSE

Thomas Mayer

187: Categorical Data

A. Cameron

186: Comprehensive Rationalizability

Burkhard Schipper, Martin Meier and Aviad Heifetz

185: Political Awareness, Microtargeting of Voters, and Negative Electoral Campaigning

Burkhard Schipper and Hee Yeul Woo

184: Reasoning about strategies and rational play in dynamic games

Giacomo Bonanno

183: The Strategic Determination of the Supply of Liquid Assets

Athanasios Geromichalos and Lucas Herrenbrueck

182: Estimation of Country-Pair Data Models Controlling for Clustered Errors: with International Trade Applications

A. Cameron and Natalia Golotvina

181: Qualitative analysis of common belief of rationality in strategic-form games

Giacomo Bonanno and Elias Tsakas

180: TWO CENTURIES OF TAXES AND SPENDING: A CAUSAL INVESTIGATION OF THE FEDERAL BUDGET PROCESS

Kevin Hoover and Mark Vincent Siegler

179: DISCRETIONARY POWER CAUSES DIVERGENT POLITICS

John Roemer

178: Sylvester Matrix and Common Factors in Polynomial Matrices

Leon Wegge

177: AGREEING TO DISAGREE: A SURVEY

Giacomo Bonanno and Klaus Nehring

176: A model for the federal funds rate target

Oscar Jorda and James D. Hamilton

175: INTERSUBJECTIVE CONSISTENCY OF KNOWLEDGE AND BELIEF

Giacomo Bonanno

174: Unemployment Insurance and Optimal Taxation in Search Models of the Labor Market

Athanasios Geromichalos

173: Chinese Economic Growth: Sources and Prospects

Michael Magill, Wing Thye Woo and Julian R. Betts

172: When Credit Bites Back: Leverage, Business Cycles and Crises

Oscar Jorda, Moritz Schularick and Alan Taylor

171: AGM-consistency and perfect Bayesian equilibrium. Part I: definition and properties

Giacomo Bonanno

170: The Long March of History: Farm Wages, Population and Economic Growth, England 1209-1869

Gregory Clark

169: LITIGATION, SCHOOL FINANCE REFORM, AND AGGREGATE EDUCATIONAL SPENDING

Steven Sheffrin and Robert L. Manwaring

168: THE RHETORIC OF FRIEDMAN'S QUANTITY THEORY MANIFESTO

Thomas Mayer

167: Immigration, Jobs and Employment Protection: Evidence from Europe before and during the Great Recession

Giovanni Peri and D'Amuri Francesco

166: QUASILINEAR, OVERLAPPING-GENERATIONS ECONOMIES

Joaquim Silvestre