Now showing items 11-20 of 217
Semiparametric estimation of a heteroskedastic sample selection model
(Econometric Theory, 2003-12-01)
This paper considers estimation of a sample selection model subject to conditional heteroskedasticity in both the selection and outcome equations. The form of heteroskedasticity allowed for in each equation is multiplicative, ...
Energy efficiency policies: A retrospective examination
(Annual Review of Environment and Resources, 2006-11-20)
We review literature on several types of energy efficiency policies: appliance standards, financial incentive programs, information and voluntary programs, and management of government energy use. For each, we provide a ...
Revenue maximizing inflation
(JOURNAL OF MONETARY ECONOMICS, 2006-11)
Truth and robustness in cross-country growth regressions
(Oxford Bulletin of Economics and Statistics, 2004-12-01)
We re-examine studies of cross-country growth regressions by Levine and Renelt (American Economic Review, Vol. 82, 1992, pp. 942-963) and Sala-i-Martin (American Economic Review, Vol. 87, 1997a, pp. 178-183; Economics Department, ...
Capital trading, stock trading, and the inflation tax on equity: A note
(Review of Economic Dynamics, 2003-10-01)
Two-step estimation of semiparametric censored regression models
(Journal of Econometrics, 2001-07-01)
Root-n-consistent estimators of the regression coefficients in the linear censored regression model under conditional quantile restrictions on the error terms were proposed by Powell (Journal of Econometrics 25 (1984) 303-325, ...
Corporate taxes, growth and welfare in a Schumpeterian economy
(Journal of Economic Theory, 2007-11-01)
I take a new look at the long-run implications of taxation through the lens of modern Schumpeterian growth theory. I focus on the latest vintage of models that sterilize the scale effect through a process of product proliferation ...
Trust and efficiency
(Journal of Banking and Finance, 2002-08-23)
Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring ...
A theory of buyer-seller networks
(American Economic Review, 2001-06-01)
This paper introduces a new model of exchange: networks, rather than markets, of buyers and sellers. It begins with the empirically motivated premise that a buyer and seller must have a relationship, a "link," to exchange ...