PIER Working Paper Archive

From Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
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07-029: The Affine Arbitrage-Free Class of Nelson-Siegel Term Structure Models

Jens Christensen, Francis Diebold and Glenn Rudebusch

07-028: Real-Time Measurement of Business Conditions

S. Boragan Aruoba, Francis Diebold and Chiara Scotti

07-027: Non-parametric counterfactual analysis in dynamic general equilibrium

Felix Kubler and Karl Schmedders

07-026: Testing Conditional Independence via Rosenblatt Transforms

Kyungchul Song

07-025: A Structural Model of Turnout and Voting in Multiple Elections, Fourth Version

Arianna Degan and Antonio Merlo

07-024: Purification in the Infinitely-Repeated Prisoners’ Dilemma, Second Version

V Bhaskar, George Mailath and Stephen Morris

07-023: Probabilities in Economic Modeling

Itzhak Gilboa, Andrew Postlewaite and David Schmeidler

07-022: Does Competitive Pricing Cause Market Breakdown under Extreme Adverse Selection?

George Mailath and Georg Nöldeke

07-021: Information Acquisition and Refunds for Returns

Steven Matthews and Nicola Persico

07-020: Consumption Commitments and Employment Contracts, Fourth Version

Andrew Postlewaite, Larry Samuelson and Dan Silverman

07-019: In the Same Boat: Exchange Rate Interdependence in the Asia-Pacific Region

Tomer Shachmurove and Yochanan Shachmurove

07-018: Common Learning

Martin Cripps, Jeffrey Ely, George Mailath and Larry Samuelson

07-017: Inference in a Synchronization Game with Social Interactions

Aureo de Paula

07-016: Money, Political Ambition, and the Career Decisions of Politicians

Michael Keane and Antonio Merlo

07-015: Geography and Industry Meets Venture Capital

Yochanan Shachmurove

07-014: Strategic Voting over Strategic Proposals, Second Version

Philip Bond and Hülya Eraslan

07-013: Competitive Equilibria in Semi-Algebraic Economies

Felix Kuber and Karl Schmedders

07-012: Projections of Chinese Energy Demands in 2020

F. Gerard Adams and Yochanan Shachmurove

07-011: A Structural Model of Turnout and Voting in Multiple Elections

Arianna Degan and Antonio Merlo

07-010: Bicameralism and Government Formation, Second Version

Daniel Diermeier, Hülya Eraslan and Antonio Merlo

07-009: Political Careers or Career Politicians? Second Version

Andrea Mattozzi and Antonio Merlo

07-008: The Transparency of Politics and the Quality of Politicians

Andrea Mattozzi and Antonio Merlo

07-007: Mediocracy

Andrea Mattozzi and Antonio Merlo

07-006: Do Voters Vote Sincerely? Second Version

Arianna Degan and Antonio Merlo

07-005: Asymptotically Optimal Tests for Single-Index Restrictions with a Focus on Average Partial Effects

Juan Carlos Escanciano and Kyungchul Song

07-004: A Model of Money with Multilateral Matching, Second Version

Manolis Galenianos and Philipp Kircher

07-003: Heterogeneous Firms in a Finite Directed Search Economy

Manolis Galenianos and Philipp Kircher

07-002: Measuring Financial Asset Return and Volatility Spillovers, With Application to Global Equity Markets

Francis Diebold and Kamil Yilmaz

07-001: Rationality of Belief Or: Why Savage's axioms are neither necessary nor sufficient for rationality, Second Version

Itzhak Gilboa, Andrew Postlewaite and David Schmeidler

06-028: Consumption Commitments and Employment Contracts

Andrew Postlewaite, Larry Samuelson and Dan Silverman

06-027: What Determines Adult Cognitive Skills? Impacts of Pre-Schooling, Schooling and Post-Schooling Experiences in Guatemala

Jere Behrman, John Hoddinott, John Maluccio, Erica Soler-Hampejsek, Emily Behrman, Reynaldo Martorell, Manuel Ramirez-Zea and Aryeh Stein

06-026: The Impact of Nutrition during Early Childhood on Education among Guatemalan Adults

John Maluccio, John Hoddinott, Jere Behrman, Reynaldo Martorell, Agnes Quisumbing and Aryeh Stein

06-025: Active Courts and Menu Contracts

Luca Anderlini, Leonardo Felli and Andrew Postlewaite

06-024: Should Courts Always Enforce What Contracting Parties Write?

Luca Anderlini, Leonardo Felli and Andrew Postlewaite

06-023: Technological Improvements and Comparative Advantage Reconsidered

Yochanan Shachmurove and Uriel Spiegel

06-022: Ex Ante Evaluation of Social Programs

Petra Todd and Kenneth Wolpin

06-021: A Structural Model of Turnout and Voting in Multiple Elections

Arianna Degan and Antonio Merlo

06-020: Multiplicity in General Financial Equilibrium with Portfolio Constraints, Second Version

Suleyman Basak, David Cass, Juan Licari and Anna Pavlova

06-019: Time Series Analysis

Francis Diebold, Lutz Kilian and Marc Nerlove

06-018: Smooth Monotone Contribution Games

Steven Matthews

06-017: A Three-Factor Yield Curve Model: Non-Affine Structure, Systematic Risk Sources, and Generalized Duration

Francis Diebold, Lei Ji and Canlin Li

06-016: Direction-of-Change Forecasts Based on Conditional Variance, Skewness and Kurtosis Dynamics: International Evidence

Peter Christoffersen, Francis Diebold, Roberto Mariano, Anthony S Tay and Y. K. Tse

06-015: Globalization and Endogenous Firm Scope

Volker Nocke and Stephen Yeaple

06-014: Selling Protection for Sale

Wilfred Ethier

06-013: The Theory of Trade Policy and Trade Agreements: A Critique

Wilfred Ethier

06-012: Multiplicity and Sunspots in General Financial Equilibrium with Portfolio Constraints

Suleyman Basak, David Cass, Juan Manuel Licari and Anna Pavlova

06-011: Musings on the Cass Trick

David Cass

06-010: Competitive Equilibrium with Incomplete Financial Markets

David Cass

06-009: Compatible Beliefs and Equilibrium

David Cass

06-008: Do Voters Vote Sincerely?

Arianna Degan and Antonio Merlo