PIER Working Paper Archive

From Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
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06-006: Exploring the Usefulness of a Non-Random Holdout Sample for Model Validation: Welfare Effects on Female Behavior

Michael Keane and Kenneth Wolpin

06-005: Accounting for Wage and Employment Changes in the U. S. from 1968-2000: A Dynamic Model of Labor Market Equilibrium

Donghoon Lee and Kenneth Wolpin

06-004: The Role of Labor and Marriage Markets, Preference Heterogeneity and the Welfare System in the Life Cycle Decisions of Black, Hispanic and White Women

Michael Keane and Kenneth Wolpin

06-003: Social Assets

George Mailath and Andrew Postlewaite

06-002: Consumption Commitments and Employment Contracts

Andrew Postlewaite, Larry Samuelson and Dan Silverman

06-001: Courts of Law and Unforeseen Contingencies

Luca Anderlini, Leonardo Felli and Andrew Postlewaite

05-033: Whither Political Economy? Theories, Facts and Issues

Antonio Merlo

05-032: Political Careers or Career Politicians?

Andrea Mattozzi and Antonio Merlo

05-031: Why are Married Men Working So Much?

John Knowles

05-030: The comparison of incomes of self-employed and salaried workers among German Nationals and immigrants

Amelie Constant and Yochanan Shachmurove

05-029: The Role of Turkish Immigrants in Entrepreneurial Activities in Germany

Amelie Constant, Yochanan Shachmurove and Klaus Zimmermann

05-028: European Stock Market Dynamics Before and After the Introduction of the Euro

Joseph Friedman and Yochanan Shachmurove

05-027: Reputation and Rhetoric in Elections

Enriqueta Aragonès, Thomas Palfrey and Andrew Postlewaite

05-026: A Gap for Me: Entrepreneurs and Entry

Volker Nocke

05-025: Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence

Sean Campbell and Francis Diebold

05-024: Informational Smallness and Private Monitoring in Repeated Games

Richard McLean, Ichiro Obara and Andrew Postlewaite

05-023: Constrained efficiency in the neoclassical growth model with uninsurable idiosyncratic shocks

Julio Dávila, Jay Hong, Per Krusell and José-Víctor Ríos-Rull

05-022: Directed Search with Multiple Job Applications

Manolis Galenianos and Philipp Kircher

05-021: Reputation and Rhetoric in Elections

Enriqueta Aragones, Thomas Palfrey and Andrew Postlewaite

05-020: Social Security and the Retirement and Savings Behavior of Low Income Households

Wilbert van der Klaauw and Kenneth Wolpin

05-019: Crime Minimization and Racial Bias: What Can We Learn From Police Search Data?

Jeff Dominitz and John Knowles

05-018: A, B, C’s (And D’s) For Understanding VARS

Jesus Fernandez-Villaverde, Juan F Rubio-Ramirez and Thomas Sargent

05-017: Alternative Theories of Wage Dispersion

Damien Gaumont, Martin Schindler and Randall Wright

05-016: Aggregation of Expert Opinions

Dino Gerardi, Richard McLean and Andrew Postlewaite

05-015: Information Acquisition and the Excess Refund Puzzle

Steven Matthews and Nicola Persico

05-014: Coordination Failure in Repeated Games with Almost-Public Monitoring

George Mailath and Stephen Morris

05-013: Do Vertical Mergers Facilitate Upstream Collusion? Second Version

Volker Nocke and Lucy White

05-012: Elasticity of Substitution between Capital and Labor and its applications to growth and development

Samuel Pessoa, Silvia Pessoa and Rafael Rob

05-011: Volatility Forecasting

Torben Andersen, Tim Bollerslev, Peter Christoffersen and Francis Diebold

05-010: Generic Uniqueness of the Solutions to a Continuous Linear Programming Problem

Nicola Persico

05-009: A Framework for Exploring the Macroeconomic Determinants of Systematic Risk

Torben Andersen, Tim Bollerslev, Francis Diebold and Jin Wu

05-008: Modeling Bond Yields in Finance and Macroeconomics

Francis Diebold, Monika Piazzesi and Glenn Rudebusch

05-007: Practical Volatility and Correlation Modeling for Financial Market Risk Management

Torben Andersen, Tim Bollerslev, Peter Christoffersen and Francis Diebold

05-006: Identification and Estimation in Highway Procurement Auctions under Unobserved Auction Heterogeneity

Elena Krasnokutskaya

05-005: Passenger Profiling, Imperfect Screening, and Airport Security

Nicola Persico and Petra Todd

05-004: Using Hit Rates to Test for Racial Bias in Law Enforcement: Vehicle Searches in Wichita

Nicola Persico and Petra Todd

05-003: An Assignment Theory of Foreign Direct Investment

Volker Nocke and Stephen Yeaple

05-002: Fact-Free Learning

Enriqueta Aragones, Itzhak Gilboa, Andrew Postlewaite and David Schmeidler

05-001: Social Isolation and Inequality

Andrew Postlewaite and Dan Silverman

04-044: Choosing Between Promising and Crowded Industries: How Does the Venture Capital Industry Fare in Each?

Amir Shachmurove and Yochanan Shachmurove

04-043: Endogenous Lobbying

Leonardo Felli and Antonio Merlo

04-042: How the Dragon Captured the World Export Markets: Outsourcing and Foreign Investment Lead the Way

F. Gerard Adams, Byron Gangnes and Yochanan Shachmurove

04-041: What One Can Learn From the Initial Public Offering of Google? A Twenty-Year Excursion to the Venture Capital Industry

Emanuel Shachmurove and Yochanan Shachmurove

04-040: On Price-Taking Behavior in Asymmetric Information Economies

Richard McLean, James Peck and Andrew Postlewaite

04-039: When the Punishment Must Fit the Crime: Remarks on the Failure of Simple Penal Codes in Extensive-Form Games

George Mailath, Volker Nocke and Lucy White

04-038: A Political Economy Model of Congressional Careers: Supplementary Materiel

Daniel Diermeier, Michael Keane and Antonio Merlo

04-037: A Political Economy Model of Congressional Careers

Daniel Diermeier, Michael Keane and Antonio Merlo

04-036: Intersectoral Labor Mobility and the Growth of the Service Sector

Donghoon Lee and Kenneth I. Wolpin

04-035: Size Does Matter: International Trade and Population Size

Yochanan Shachmurove and Uriel Spiegel

04-034: Convergence Properties of the Likelihood of Computed Dynamic Models

Jesus Fernandez-Villaverde, Juan F Rubio-Ramirez and Manuel Santos