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Economic statistics are frequently produced at an administrative level such as the subnational division. However, these measures may lack sufficient local variation for effective analysis of local eco...
In recent decades, urbanization has resulted a massive increase in the amount of infrastructure especially large buildings in large cities worldwide. There has been a noticeable expansion of entire ci...
We present two alternative approaches for estimating VaR. Both approaches are based on the observation that each trading day is very diverse and we can observe K different phases of the trading day. W...
Cross-sectional spatial models frequently contain a spatial lag of the dependent variable as a regressor or a disturbance term that is spatially autoregressive. In this article we describe a computati...
We use a switching probit model and the income-limit-based structure of Medicaid eligibility for children to estimate treatment effects of non-marginal Medicaid expansions on Medicaid take-up, private...
Economists have devoted considerable resources to estimating local average treatment effects of expansions in Medicaid eligibility for children. In this paper we use random coefficients linear probabi...
We use a switching probit model and the income-limit-based structure of Medicaid eligibility for children to estimate treatment effects of Medicaid expansions not found in existing work on public insu...
This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers purchasing electricity according to the half-hourly energy prices from the England a...
Most dynamic models in economics assume that agents form expectations rationally. An equilibrium of a dynamic model can typically be described by a probability distribution over sequences of data. T...
In the first step, the policy functions and the law of motion for the state variables are estimated. In the second step, the remaining structural parameters are estimated using the optimality ...
We provide a graphical illustration of how standard consumer and producer theory can be used to quantify the welfare loss associated with inefficient pricing in insurance markets with selectio...
The number of Americans who go to the movies varies dramatically over the course of the year, and sometimes more than doubles within a period of two weeks. At the same time, the first week a...
As health care consumes a growing share of GDP, the demand for better evidence regardingthe effects of health care treatments and how these vary across individuals is increasing. Estimatingthis with o...
We analyze industry multiples for the S&P 500 in 1995. We use Gibbs sampling to estimate simultaneously the error specification and small sample minimum variance multiples for 22 industries. In additi...
Estimating the Commodity Price Model。

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