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MIT’s Openness to Jewish Economists
(Economic Research Initiatives at Duke (ERID), 2013-06-26)
MIT emerged from “nowhere” in the 1930s to its place as one of the three or four most
important sites for economic research by the mid-1950s. A conference held at Duke
University in April 2013 examined how this occurred. ...
Politics in the Courtroom: Political Ideology and Jury Decision Making
(Economic Research Initiatives at Duke (ERID), 2015-04-01)
This paper uses data from the Gothenburg District Court in Sweden and a research design
that exploits the random assignment of politically appointed jurors (termed nämndemän)
to make three contributions to the literature ...
Carbon markets: effective policy?--Response.
(Science, 2014-06-27)
Solow's Harrod: Transforming Cyclical Dynamics into a Model of Long-Run Growth
(Economic Research Initiatives at Duke (ERID), 2013-03-27)
Modern growth theory derives mostly from Robert Solow’s “A Contribution to the Theory
of Economic Growth” (1956). Solow’s own interpretation locates the origins of his
“Contribution” in his view that the growth model of ...
Interdependent Utility and Truthtelling in Two-Sided Matching
(Economic Research Initiatives at Duke (ERID) Working Paper, 2013-07-18)
Mechanisms which implement stable matchings are often observed to work well in practice,
even in environments where the stable outcome is not unique, information is complete,
and the number of players is small. Why might ...
A Note on Moral Hazard and Linear Compensation Schemes
(Economic Research Initiatives at Duke (ERID) Working Paper, 2013-07-18)
This note identifies a moral hazard environment in which a piecewise linear compensation
scheme is optimal. Both the principal and the agent have CARA utility, mean output
is increasing in the agent's non-contractible input, ...
Asymptotic Inference about Predictive Accuracy Using High Frequency Data
(Economic Research Initiatives at Duke (ERID) Working Paper, 2013-07-06)
This paper provides a general framework that enables many existing inference methods
for predictive accuracy to be used in applications that involve forecasts of latent
target variables. Such applications include the forecasting ...
Extremal Quantile Regressions for Selection Models and the Black-White Wage Gap
(Economic Research Initiatives at Duke (ERID), 2014-06-01)
We consider the estimation of a semiparametric location-scale model subject to endogenous
selection, in the absence of an instrument or a large support regressor. Identification
relies on the independence between the covariates ...
Rationalizing Choice with Multi-Self Models
(Economic Research Initiatives at Duke (ERID), 2012-05-01)
This paper studies a class of multi-self decision-making models proposed in economics,
psychology, and marketing. In this class, choices arise from the set-dependent aggregation
of a collection of utility functions, where ...
Technological Change and the Environment
(2003-01-01)
This book provides a state-of-the-art review of both classical and emerging themes
in forest resource economics. The authors show how neo-classical economic principles
can be used to analyze forest policy issues across existing ...