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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...
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...
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...
Assesses the status of methods for estimating contributions of federal water resource development projects with respect to regional economic development objectives in the United States. Objectives of ...
To assess the effects of transitions from private to public health insurance by children on out-of-pocket medical expenditures and health insurance premium costs. Data are drawn from the 1996 and 2001...
Dating business cycles entails ascertaining economy-wide turning points. Broadly speaking, there are two approachesin the literature. The first approach, which dates to Burns and Mitchell (1946), is t...
This paper documents the magnitude of deviation of common stock market values from intrinsic values estimated using the constant growth dividend valuation model. The constant growth model is widely ...
This paper estimates the effect of institutions on economic performance using cross-city data from China. We argue that China’s ongoing reforms are part of a long and circuitous historical transition ...

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