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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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13-006: The Home Selling Problem: Theory and Evidence Downloads
Antonio Merlo, François Ortalo-Magné and John Rust
13-005: Implementation with Interdependent Valuations, Second Version Downloads
Richard McLean and Andrew Postlewaite
13-004: Aligning Learning Incentives of Students and Teachers: Results from a Social Experiment in Mexican High Schools Downloads
Jere Behrman, Susan Parker, Petra Todd and Kenneth Wolpin
13-003: A Personal Perspective on the Origin(s) and Development of “Big Data": The Phenomenon, the Term, and the Discipline, Second Version Downloads
Francis Diebold
13-002: Equilibrium Labor Market Search and Health Insurance Reform Downloads
Naoki Aizawa and Hanming Fang
13-001: Optimism and Pessimism with Expected Utility, Third Version Downloads
David Dillenberger, Andrew Postlewaite and Kareen Rozen
12-048: Shopping Externalities and Self-Fulfilling Unemployment Fluctuations Downloads
Greg Kaplan and Guido Menzio
12-047: 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
12-046: Forecasting with Factor-Augmented Regression: A Frequentist Model Averaging Approach Downloads
Xu Cheng and Bruce Hansen
12-045: Select the Valid and Relevant Moments: A One-Step Procedure for GMM with Many Moments Downloads
Xu Cheng and Zhipeng Liao
12-044: Individual Learning and Cooperation in Noisy Repeated Games Downloads
Yuichi Yamamoto
12-043: A Foundation for Markov Equilibria in Infinite Horizon Perfect Information Games Downloads
V Bhaskar, George Mailath and Stephen Morris
12-042: Stable Matching with Incomplete Information, Second Version Downloads
Qingmin Liu, George Mailath, Andrew Postlewaite and Larry Samuelson
12-041: Failing Institutions Are at the Core of the Euro Crisis Downloads
Yochanan Shachmurove and Alojzy Nowak
12-040: Failing Institutions Are at the Core of the U.S. Financial Crisis Downloads
Yochanan Shachmurove
12-039: Negative Economic Shocks and Child Schooling: Evidence from Rural Malawi Downloads
Asma Hyder, Jere Behrman and Hans-Peter Kohler
12-038: Do Single-Sex Schools Enhance Students’ STEM (Science, Technology, Engineering, and Mathematics) Outcomes? Downloads
Hyunjoon Park, Jere Behrman and Jaesung Choi
12-037: On the Origin(s) and Development of the Term “Big Data" Downloads
Francis Diebold
12-036: Generalized Partition and Subjective Filtration Downloads
David Dillenberger and Philipp Sadowski
12-035: Comparing Predictive Accuracy, Twenty Years Later: A Personal Perspective on the Use and Abuse of Diebold-Mariano Tests Downloads
Francis Diebold
12-034: A Theory of Subjective Learning Downloads
David Dillenberger, Philipp Sadowski, Juan Lleras and Norio Takeoka
12-033: Optimal Taxation in a Limited Commitment Economy Downloads
Yena Park
12-032: Matching with Incomplete Information Downloads
Qingmin Liu, George Mailath, Andrew Postlewaite and Larry Samuelson
12-031: Optimism and Pessimism with Expected Utility, Second Version Downloads
David Dillenberger, Andrew Postlewaite and Kareen Rozen
12-030: Economic Models as Analogies, Second Version Downloads
Itzhak Gilboa, Andrew Postlewaite, Larry Samuelson and David Schmeidler
12-029: History-Dependent Risk Attitude, Second Version Downloads
David Dillenberger and Kareen Rozen
12-028: Testing for Racial Prejudice in the Parole Board Release Process: Theory and Evidence Downloads
Shamena Anwar and Hanming Fang
12-027: Belief Formation, Second Version Downloads
Olivier Compte and Andrew Postlewaite
12-026: Pricing and Incentives in Publicly Subsidized Health Care Markets: the Case of Medicare Part D Downloads
Francesco Decarolis
12-025: Riskiness Choice and Endogenous Productivity Dispersion over the Business Cycle Downloads
Can Tian
12-024: Directed Search and Job Rotation Downloads
Fei Li and Can Tian
12-023: Dynamic Education Signaling with Dropout Downloads
Francesc Dilme and Fei Li
12-022: Taxation and Redistribution of Residual Income Inequality Downloads
Mikhail Golosov, Pricila Maziero and Guido Menzio
12-021: Recursive Ambiguity and Machina’s Examples Downloads
David Dillenberger and Uzi Segal
12-020: A Markov-Switching Multi-Fractal Inter-Trade Duration Model, with Application to U.S. Equities Downloads
Fei Chen, Francis Diebold and Frank Schorfheide
12-019: On the Continuous Equilibria of Affiliated-Value, All-Pay Auctions with Private Budget Constraints Downloads
Maciej Kotowski and Fei Li
12-018: Identification and Estimation of Games with Incomplete Information Using Excluded Regressors, Second Version Downloads
Arthur Lewbel and Xun Tang
12-017: Semiparametric Inference in Dynamic Binary Choice Models, Second Version Downloads
Andriy Norets and Xun Tang
12-016: Inference of Bidders’ Risk Attitudes in Ascending Auctions with Endogenous Entry, Second Version Downloads
Hanming Fang and Xun Tang
12-015: Peer Effects in Sexual Initiation: Separating Demand and Supply Mechanisms Downloads
Seth Richards-Shubik
12-014: The Money Value of a Man Downloads
Mark Huggett and Greg Kaplan
12-013: Equilibrium Tuition, Applications, Admissions and Enrollment in the College Market Downloads
Chao Fu
12-012: Dynamic Quality Signaling with Moral Hazard Downloads
Francesc Dilme
12-011: Cooperation in Large Societies Downloads
Francesc Dilme
12-010: Do Chemical Reactors Hold the Solution for Global Economic Crises? Downloads
Yochanan Shachmurove and Reuel Shinnar
12-009: Consistent Valuation Cash Flow Downloads
Uzi Yaari, Andrei Nikiforov, Emel Kahya and Yochanan Shachmurove
12-008: Premuneration Values and Investments in Matching Markets Downloads
George Mailath, Andrew Postlewaite and Larry Samuelson
12-007: Subjective Learning, Second Version Downloads
David Dillenberger and Philipp Sadowski
12-006: Why Do Life Insurance Policyholders Lapse? The Roles of Income, Health and Bequest Motive Shocks Downloads
Hanming Fang and Edward Kung
12-005: Characterizing Belief-Free Review-Strategy Equilibrium Payoffs under ConditionalIndependence Downloads
Yuichi Yamamoto
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