Working Papers

From University of Toronto, Department of Economics
150 St. George Street, Toronto, Ontario.
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2009: A General Equilibrium Analysis of Parental Leave Policies

Andres Erosa, Luisa Fuster and Diego Restuccia

2009: An Equilibrium Theory of Learning, Search and Wages

Francisco Gonzalez and Shouyong Shi

2009: How Important is the Currency Denomination of Exports in Open-Economy Models?

Michael Dotsey and Margarida Duarte

2009: Modelling Realized Covariances

Xin Jin and John Maheu

2009: A Method for Implementing Counterfactual Experiments in Models with Multiple Equilibria

Victor Aguirregabiria

2009: Robustness of Level-k Reasoning in Generalized Beauty Contest Games

Dmitry Shapiro, Xianwen Shi and Arthur Zillante

2009: A Dynamic Game of Airline Network Competition: Hub-and-Spoke Networks and Entry Deterrence

Victor Aguirregabiria and Chun-Yu Ho

2009: Institutions and Economic Outcomes: A Dominance Based Analysis of Causality and Multivariate Welfare With Discrete and Continuous Variables

Gordon Anderson and Kinda Hachem

2009: Boats and Tides and Trickle Down Theories: What Stochastic Process Theory Has To Say About Modeling Poverty, Inequality, Mobility and Polarization

Gordon Anderson

2009: Modernization of Agriculture and Long-Term Growth

Dennis Yang and Xiaodong Zhu

2009: Bootstrap-based Bandwidth Selection for Semiparametric Generalized Regression Estimators

Chuan Goh

2009: Nonstandard Estimation of Inverse Conditional Density-Weighted Expectations

Chuan Goh

2009: Efficient Semiparametric Detection of Changes in Trend

Chuan Goh

2009: Whitefish: An Economic Primer

Arthur Hosios and Lawrence Smith

2009: Liquidity, Innovation and Growth

Aleksander Berentsen, Mariana Rojas-Breu and Shouyong Shi

2009: The Fundamental Law of Road Congestion: Evidence from US cities

Gilles Duranton and Matthew Turner

2009: Extracting bull and bear markets from stock returns

John Maheu, Thomas McCurdy and Yong Song

2009: Qualified Equal Opportunity and Conditional Mobility: Gender Equity and Educational Attainmant in Canada

Gordon Anderson, Teng Wah Leo and Robert Muelhaupt

2009: The One Child Policy and Family Formation in Urban China

Gordon Anderson and Teng Wah Leo

2009: Polarization of the Poor: Multivariate Relative Poverty Measurement Sans Frontiers

Gordon Anderson

2009: Intraday Trading Patterns: The Role of Timing

Katya Malinova and Andreas Park

2009: Learning, Knowledge Diffusion and the Gains from Globalization

Kunal Dasgupta

2009: Non Parametric Estimation of a Polarization Measure

Gordon Anderson, Oliver Linton and Yoon-Jae Wang

2009: Public Transfers and Domestic Violence: The Roles of Private Information and Spousal Control

Gustavo Bobonis, Roberto Castro and Melissa Gonzalez-Brenes

2009: Coinage and Monetary Policies in Burgundian Flanders during the late-medieval 'Bullion Famines',. 1384 - 1482

John Munro

2009: Nonmanipulable Bayesian Testing

Colin Stewart

2009: The Impact of Conditional Cash Transfers on Marriage and Divorce

Gustavo Bobonis

2009: Liquidity, Volume, and Price Behavior: The Impact of Order vs. Quote Based Trading

Katya Malinova and Andreas Park

2009: Trading Volume in Dealer Markets

Katya Malinova and Andreas Park

2009: Testing Becker's Theory of Positive Assortative Matching

Aloysius Siow

2009: Warfare, Liquidity Crises, and Coinage Debasements in Burgundian Flanders, 1384 - 1482: Monetary or Fiscal Remedies?

John Munro

2009: Credit Risk, Default Loss, and the Economics of Bankruptcy

John Crean

2009: The productivity advantages of large cities: Distinguishing agglomeration from firm selection

Pierre-Philippe Combes, Gilles Duranton, Diego Puga and Sébastien Roux

2009: Uncertain Times, uncertain measures

Michelle Alexopoulos and Jon Cohen

2009: The Media is the Measure: Technical change and employment, 1909-49

Michelle Alexopoulos and Jon Cohen

2009: Volumes of Evidence: Examining Technical Change Last Century Through a New Lens

Michelle Alexopoulos and Jon Cohen

2009: Measuring Our Ignorance, One Book at a Time: New Indicators of Technological Change, 1909-1949

Michelle Alexopoulos and Jon Cohen

2009: The Role of the Structural Transformation in Aggregate Productivity

Margarida Duarte and Diego Restuccia

2009: Block Recursive Equilibria for Stochastic Models of Search on the Job

Guido Menzio and Shouyong Shi

2009: Labor Contracts and Flexibility: Evidence from a Labor Market Reform in Spain

Victor Aguirregabiria and César Alonso-Borrego

2008: The Value of Information in Public Decisions

Arvind Magesan and Matthew Turner

2008: Bidding for Investment Projects: Smart Public Policy or Corporate Welfare?

Johannes Van Biesebroeck

2008: Directed Search for Equilibrium Wage-Tenure Contracts

Shouyong Shi

2008: Budget-Constrained Sequential Auctions with Incomplete Information

Carolyn Pitchik

2008: Herding and Contrarianism in a Financial Trading Experiment with Endogenous Timing

Andreas Park and Daniel Sgroi

2008: The Collective Marriage Matching Model: Identification, Estimation and Testing

Eugene Choo, Shannon Seitz and Aloysius Siow

2008: The Evolution of Education: A Macroeconomic Analysis

Diego Restuccia and Guillaume Vandenbroucke

2008: Nontraded Goods, Market Segmentation, and Exchange Rates

Michael Dotsey and Margarida Duarte

2008: A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments

Victor Aguirregabiria and Chun-Yu Ho

2008: Real Time Detection of Structural Breaks in GARCH Models

Zhongfang He and John Maheu

2008: Endowments, Coercion, and the Historical Containment of Education

Gustavo Bobonis

2008: Large Shocks and Small Changes in the Marriage Market for Famine Born Cohorts in China

Loren Brandt, Aloysius Siow and Carl Vogel

2008: Are there Increasing Returns in Marriage Markets?

Maristella Botticini and Aloysius Siow

2008: Marriage matching, risk sharing and spousal labor supplies

Eugene Choo, Shannon Seitz and Aloysius Siow

2008: Three Centuries of Luxury Textile Consumption in the Low Countries and England, 1330 - 1570: New Methodologies for Estimating Changes in Real Values

John Munro

2008: Communication Can Destroy Common Learning

Jakub Steiner and Colin Stewart

2008: Efficiency Improvement from Restricting the Liquidity of Nominal Bonds

Shouyong Shi

2008: An Equilibrium Theory of Learning, Search and Wages

Francisco Gonzalez and Shouyong Shi

2008: Efficient Search on the Job and the Business Cycle

Guido Menzio and Shouyong Shi

2008: The Determinants of International Investment and Attention Allocation: Using Internet Search Query Data

Jordi Mondria, Thomas Wu and Yi Zhang

2008: Network Structure and Design in the Deregulated U.S. Airline Industry: an Argument for Re-Regulation?

Sayed Hussain and Serkan Bahceci

2008: Do high-frequency measures of volatility improve forecasts of return distributions?

John Maheu and Thomas McCurdy

2008: Necessities and Luxuries in Early-Modern Textile Consumption: Real Values of Worsted Says and Fine Woollens in the Sixteenth-Century Low Countries

John Munro

2008: How does the marriage market clear? An empirical framework

Aloysius Siow

2008: Bayesian Analysis of a Probit Panel Data Model with Unobserved Individual Heterogeneity and Autocorrelated Errors

Martin Burda, Roman Liesenfeld and Jean-Francois Richard

2008: Money, Prices, Wages, and 'Profit Inflation' in Spain, the Southern Netherlands, and England during the Price Revolution era: c. 1520 - c. 1650

John Munro

2008: Improving Forecasts of Inflation using the Term Structure of Interest Rates

Alonso Gomez, John Maheu and Alex Maynard

2008: The Latin American Development Problem

Diego Restuccia

2008: Caller Number Five and Related Timing Games

Andreas Park and Lones Smith

2008: When Herding and Contrarianism Foster Market Efficiency: A Financial Trading Experiment

Andreas Park and Daniel Sgroi

2008: Vehicle Currency

Michael Devereux and Shouyong Shi

2008: Bayesian semiparametric stochastic volatility modeling

Mark Jensen and John Maheu

2008: Forecasting Realized Volatility: A Bayesian Model Averaging Approach

Chun Liu and John Maheu

2008: Self-Promoting Investments

Carolyn Pitchik

2008: Delay in Strategic Information Aggregation

Ettore Damiano, Hao Li and Wing Suen

2008: Market Segmentation: The Role of Opaque Travel Agencies

Dmitry Shapiro and Xianwen Shi

2008: Bid-Ask Spreads and Volume:The Role of Trade Timing

Andreas Park

2008: On-the-Job Search and Business Cycles

Guido Menzio and Shouyong Shi

2008: Information Acquisition in Interdependent Value Auctions

Dirk Bergemann, Xianwen Shi and Juuso Välimäki