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PIER Working Paper Archive

From Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
133 South 36th Street, Philadelphia, PA 19104.
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14-036: High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk Downloads
Fabian Kindermann and Dirk Krueger
14-035: Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries Downloads
S. Boragan Aruoba, Pablo Cuba-Borda and Frank Schorfheide
14-034: Dynamic Prediction Pools: An Investigation of Financial Frictions and Forecasting Performance Downloads
Marco Del Negro, Raiden Hasegawa and Frank Schorfheide
14-033: Stochastic Games in Continuous Time: Persistent Actions in Long-Run Relationships, Second Version Downloads
Aislinn Bohren
14-032: Designing Experiments to Measure Spillover Effects Downloads
Sarah Baird, Aislinn Bohren, Craig McIntosh and Berk Özler
14-031: Mass attrition: An analysis of drop out from a Principles of Microeconomics MOOC Downloads
Rebecca Stein and Gloria Allione
14-030: One-Sided Matching with Limited Complementarities Downloads
Thanh Nguyen, Ahmad Peivandi and Rakesh Vohra
14-029: Network Formation and Systemic Risk Downloads
Selman Erol and Rakesh Vohra
14-028: Near Feasible Stable Matchings with Complementarities Downloads
Thanh Nguyen and Rakesh Vohra
14-027: The Network Effects of Air-Travel Demand Downloads
Yanhao Wei
14-026: A Model of Modeling Downloads
Itzhak Gilboa, Andrew Postlewaite, Larry Samuelson and David Schmeidler
14-025: How Central Banks End Crises Downloads
Gary Gorton and Guillermo Ordoñez
14-024: Political Booms, Financial Crises Downloads
Helios Herrera, Guillermo Ordoñez and Christoph Trebesch
14-023: Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs Downloads
Harold Cole, Soojin Kim and Dirk Krueger
14-022: Banks as Secret Keepers Downloads
Tri Vi Dang, Gary Gorton, Bengt Holmstrom and Guillermo Ordonez
14-021: Cooperation in Large Societies, Second Version Downloads
Francesc Dilme
14-020: Pension design with a large informal labor market: Evidence from Chile Downloads
Clément Joubert
14-019: Dynamic Quality Signaling with Hidden Actions Downloads
Francesc Dilmé
14-018: Uniform Inference in Nonlinear Models with Mixed Identification Strength Downloads
Xu Cheng
14-017: Bond Market Exposures to Macroeconomic and Monetary Policy Risks Downloads
Dongho Song
14-016: Product Upgrades and Posted Prices Downloads
Mustafa Dogan
14-015: How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves? Downloads
Hans Holter, Dirk Krueger and Serhiy Stepanchuk
14-014: Dynamic Education Signaling with Dropout Risk, Third Version Downloads
Francesc Dilme and Fei Li
14-013: Unemployment Benefit Extensions Caused Jobless Recoveries!? Downloads
Kurt Mitman and Stanislav Rabinovich
14-012: On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods, Second Version Downloads
Rong Hai, Andrew Postlewaite and Dirk Krueger
14-010: Wealth Gradients in Early Childhood Cognitive Development in Five Latin American Countries Downloads
Norbert Schady, Jere Behrman, M. Caridad Araujo, Rodrigo Azuero, Raquel Bernal, David Bravo, Florencia López-Bóo, Karen Macours, Daniela Marshall, Christina Paxson and Renos Vakis
14-009: Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search Downloads
Guido Menzio and Nicholas Trachter
14-008: Crises and Productivity in Good Booms and in Bad Booms Downloads
Gary Gorton and Guillermo Ordonez
14-007: Informational Herding with Model Misspecification Downloads
Aislinn Bohren
14-006: Designing Experiments to Measure Spillover Effects Downloads
Sarah Baird, Aislinn Bohren, Craig McIntosh and Berk Özler
14-005: Cautious Expected Utility and the Certainty Effect Downloads
Simone Cerreia-Vioglio, David Dillenberger and Pietro Ortoleva
14-004: Young, Restless and Creative: Openness to Disruption and Creative Innovations Downloads
Daron Acemoglu, Ufuk Akcigit and Murat Celik
14-003: Some Unpleasant Bargaining Arithmetic? Downloads
Hülya Eraslan and Antonio Merlo
14-002: The Morphology of Price Dispersion Downloads
Greg Kaplan and Guido Menzio
14-001: On the Continuous Equilibria of Affiliated-Value, All-Pay Auctions with Private Budget Constraints, Third Version Downloads
Maciej Kotowski and Fei Li
13-071: The Determinants of Rising Inequality in Health Insurance and Wages, Second Version Downloads
Rong Hai
13-070: Measuring the Dynamics of Global Business Cycle Connectedness Downloads
Francis Diebold and Kamil Yilmaz
13-069: Buy, Keep or Sell: Economic Growth and the Market for Ideas Downloads
Ufuk Akcigit, Murat Celik and Jeremy Greenwood
13-068: Optimism and Pessimism with Expected Utility, Fourth Version Downloads
David Dillenberger, Andrew Postlewaite and Kareen Rozen
13-067: A Theory of Subjective Learning, Third Version Downloads
David Dillenberger, Juan Lleras, Philipp Sadowski and Norio Takeoka
13-066: Skewed Noise Downloads
David Dillenberger and Uzi Segal
13-065: Patent Value and Citations: Creative Destruction or Strategic Disruption? Downloads
David Abrams, Ufuk Akcigit and Jillian Popadak
13-064: Does realized volatility help bond yield density prediction? Downloads
Minchul Shin and Molin Zhong
13-063: Dynamic Quality Signaling with Hidden Actions, Second Version Downloads
Francesc Dilmé
13-062: Select the Valid and Relevant Moments: An Information-Based LASSO for GMM with Many Moments, Second Version Downloads
Xu Cheng and Zhipeng Liao
13-061: Forecasting with Factor-Augmented Regression: A Frequentist Model Averaging Approach, Second Version Downloads
Xu Cheng and Bruce Hansen
13-060: Premuneration Values and Investments in Matching Markets Downloads
George Mailath, Andrew Postlewaite and Larry Samuelson
13-059: To Hold Out or Not to Hold Out Downloads
Frank Schorfheide and Kenneth Wolpin
13-058: Identifying Structural Models of Committee Decisions with Heterogeneous Tastes and Ideological Bias Downloads
Yonghong An and Xun Tang
13-057: Regulation and Capacity Competition in Health Care: Evidence from Dialysis Markets Downloads
Mian Dai and Xun Tang
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