PIER Working Paper Archive

From Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
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13-024: (Q,S,s) Pricing Rules

Kenneth Burdett and Guido Menzio

13-023: Efficient Learning and Job Turnover in the Labor Market

Fei Li

13-022: Folk Theorems, Second Version

Olivier Compte and Andrew Postlewaite

13-021: Informational Content of Special Regressors in Heteroskedastic Binary Response Models

Songnian Chen, Shakeeb Khan and Xun Tang

13-020: Belief free equilibria

Olivier Compte and Andrew Postlewaite

13-019: The Determinants of Rising Inequality in Health Insurance and Wages: An Equilibrium Model of Workers' Compensation and Health Care Policies

Rong Hai

13-018: Innovation, Reallocation and Growth

Daron Acemoglu, Ufuk Akcigit, Nicholas Bloom and William Kerr

13-017: Simple Auctions, Second Version

Olivier Compte and Andrew Postlewaite

13-016: Improving GDP Measurement: A Measurement-Error Perspective

S. Boragan Aruoba, Francis Diebold, Jeremy Nalewaik, Frank Schorfheide and Dongho Song

13-015: Modeling and Estimating Volatility of Options on Standard & Poor’s 500 Index

Bolseslaw Borkowski, Monika Krawiec and Yochanan Shachmurove

13-014: A Theory of Subjective Learning, Second Version

David Dillenberger, Juan Sebastian Lleras, Philipp Sadowski and Norio Takeoka

13-013: On Mergers, Acquisitions and Liquidation Using Specified Purpose Acquisition Companies (SPACs)

Milan Lakicevic, Yochanan Shachmurove and Milos Vulanovic

13-012: External Validation of Voter Turnout Models by Concealed Parameter Recovery

Antonio Merlo and Thomas Palfrey

13-011: Project Heterogeneity and Growth: The Impact of Selection

Sina Ates and Felipe Saffie

13-010: Mediocracy, Fourth Version

Andrea Mattozzi and Antonio Merlo

13-009: Reputation in the Presence of Noisy Exogenous Learning

Ju Hu

13-008: Plausible Cooperation,Third Version

Olivier Compte and Andrew Postlewaite

13-007: Economic Models as Analogies, Third Version

Itzhak Gilboa, Andrew Postlewaite, Larry Samuelson and David Schmeidler

13-006: The Home Selling Problem: Theory and Evidence

Antonio Merlo, François Ortalo-Magné and John Rust

13-005: Implementation with Interdependent Valuations, Second Version

Richard McLean and Andrew Postlewaite

13-004: Aligning Learning Incentives of Students and Teachers: Results from a Social Experiment in Mexican High Schools

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

Francis Diebold

13-002: Equilibrium Labor Market Search and Health Insurance Reform

Naoki Aizawa and Hanming Fang

13-001: Optimism and Pessimism with Expected Utility, Third Version

David Dillenberger, Andrew Postlewaite and Kareen Rozen

12-048: Shopping Externalities and Self-Fulfilling Unemployment Fluctuations

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

Harold Cole, Soojin Kim and Dirk Krueger

12-046: Forecasting with Factor-Augmented Regression: A Frequentist Model Averaging Approach

Xu Cheng and Bruce Hansen

12-045: Select the Valid and Relevant Moments: A One-Step Procedure for GMM with Many Moments

Xu Cheng and Zhipeng Liao

12-044: Individual Learning and Cooperation in Noisy Repeated Games

Yuichi Yamamoto

12-043: A Foundation for Markov Equilibria in Infinite Horizon Perfect Information Games

V Bhaskar, George Mailath and Stephen Morris

12-042: Stable Matching with Incomplete Information, Second Version

Qingmin Liu, George Mailath, Andrew Postlewaite and Larry Samuelson

12-041: Failing Institutions Are at the Core of the Euro Crisis

Yochanan Shachmurove and Alojzy Nowak

12-040: Failing Institutions Are at the Core of the U.S. Financial Crisis

Yochanan Shachmurove

12-039: Negative Economic Shocks and Child Schooling: Evidence from Rural Malawi

Asma Hyder, Jere Behrman and Hans-Peter Kohler

12-038: Do Single-Sex Schools Enhance Students’ STEM (Science, Technology, Engineering, and Mathematics) Outcomes?

Hyunjoon Park, Jere Behrman and Jaesung Choi

12-037: On the Origin(s) and Development of the Term “Big Data"

Francis Diebold

12-036: Generalized Partition and Subjective Filtration

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

Francis Diebold

12-034: A Theory of Subjective Learning

David Dillenberger, Philipp Sadowski, Juan Lleras and Norio Takeoka

12-033: Optimal Taxation in a Limited Commitment Economy

Yena Park

12-032: Matching with Incomplete Information

Qingmin Liu, George Mailath, Andrew Postlewaite and Larry Samuelson

12-031: Optimism and Pessimism with Expected Utility, Second Version

David Dillenberger, Andrew Postlewaite and Kareen Rozen

12-030: Economic Models as Analogies, Second Version

Itzhak Gilboa, Andrew Postlewaite, Larry Samuelson and David Schmeidler

12-029: History-Dependent Risk Attitude, Second Version

David Dillenberger and Kareen Rozen

12-028: Testing for Racial Prejudice in the Parole Board Release Process: Theory and Evidence

Shamena Anwar and Hanming Fang

12-027: Belief Formation, Second Version

Olivier Compte and Andrew Postlewaite

12-026: Pricing and Incentives in Publicly Subsidized Health Care Markets: the Case of Medicare Part D

Francesco Decarolis

12-025: Riskiness Choice and Endogenous Productivity Dispersion over the Business Cycle

Can Tian

12-024: Directed Search and Job Rotation

Fei Li and Can Tian

12-023: Dynamic Education Signaling with Dropout

Francesc Dilme and Fei Li