Now showing items 1-10 of 17
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, ...
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 ...
Social approval, values, and AFDC: A reexamination of the illegitimacy debate
(JOURNAL OF POLITICAL ECONOMY, 2001-06)
Semiparametric estimation of a partially linear censored regression model
(Econometric Theory, 2001-12-01)
In this paper we propose an estimation procedure for a censored regression model where the latent regression function has a partially linear form. Based on a conditional quantile restriction, we estimate the model by a two ...
Prospective Deficits and the Asian Currency Crisis
(Journal of Political Economy, 2001-12)
Measuring causes: Episodes in the quantitative assessment of the value of money
(History of Political Economy, 2001-12-01)
Hedging and financial fragility in fixed exchange rate regimes
(European Economic Review, 2001-06-23)
Currency crises that coincide with banking crises tend to share at least three elements. First, banks have a currency mismatch between their assets and liabilities. Second, banks do not completely hedge the associated exchange ...
Local discouragement and global collapse: A theory of coordination avalanches
(American Economic Review, 2001-03-01)
We study a dynamic game in which all players initially possess the same information and coordinate on a high level of activity. Eventually, players with a long string of bad experiences become inactive. This prospect can ...
Do smokers respond to health shocks?
(Review of Economics and Statistics, 2001-11-01)
This paper reports the first effort to use data to evaluate how new information, acquired through exogenous health shocks, affects people's longevity expectations. We find that smokers react differently to health shocks ...
Two-stage rank estimation of quantile index models
(Journal of Econometrics, 2001-02-01)
This paper estimates a class of models which satisfy a monotonicity condition on the conditional quantile function of the response variable. This class includes as a special case the monotonic transformation model with the ...