Matching with Incomplete Information … Matching with Incomplete Information Discussion Paper A large literature uses matching models to analyze markets with two-sided heterogeneity, studying problems such as the matching of students to schools, residents …

Nash and Walras Equilibrium via Brouwer … Nash and Walras Equilibrium via Brouwer Discussion Paper 19471 The existence of Nash and Walras equilibrium is proved via Brouwer’s Fixed Point Theorem, without recourse to Kakutani’s Fixed Point Theorem for …

Product Warranties and Double Moral Hazard … Product Warranties and Double Moral Hazard Discussion Paper 150284 150294 This paper explores a model of warranties in which moral hazard problems play a key role. The goal is to understand the important …

The Evolution of ‘Theory of Mind’: Theory and Experiments … The Evolution of ‘Theory of Mind’: Theory and Experiments Discussion Paper This paper investigates the evolutionary foundation for our capacity to attribute preferences to others. This ability is …

Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth … Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth Discussion Paper What are the prospects for …

Dynamic Strategic Information Transmission … Dynamic Strategic Information Transmission Discussion Paper This paper studies strategic information transmission in a dynamic environment where, each period, a privately informed expert sends a message and a …

New Goodness-of-fit Diagnostics for Conditional Discrete Response Models … New Goodness-of-fit Diagnostics for Conditional Discrete Response Models Discussion Paper This paper proposes new specification tests for conditional models with discrete …

An Estimation of Economic Models with Recursive Preferences … An Estimation of Economic Models with Recursive Preferences Discussion Paper This paper presents estimates of key preference parameters of the Epstein and Zin (1989, 1991) and Weil (1989) (EZW) …

Smooth Unbiased Multivariate Probability Simulators for Maximum Likelihood Estimation of Limited Dependent Variable Models … Smooth Unbiased Multivariate Probability Simulators for Maximum Likelihood Estimation of Limited Dependent Variable Models …

Inference in a Stationary/Nonstationary Autoregressive Time-Varying-Parameter Model … Inference in a Stationary/Nonstationary Autoregressive Time-Varying-Parameter Model Discussion Paper 19459 301258 This paper considers nonparametric estimation and …

Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis of the Oil and Gas Field Services Industry … Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis of the Oil and Gas Field Services Industry Discussion Paper This paper …

Local Limit Theory and Spurious Nonparametric Regression … Local Limit Theory and Spurious Nonparametric Regression Discussion Paper A local limit theorem is proved for sample covariances of nonstationary time series and integrable functions of such time …

Financial Bubble Implosion … Financial Bubble Implosion Discussion Paper Expansion and collapse are two key features of a financial asset bubble. Bubble expansion may be modeled using a mildly explosive process. Bubble implosion may take several different …

Weak Convergence to Stochastic Integrals for Econometric Applications … Weak Convergence to Stochastic Integrals for Econometric Applications Discussion Paper Limit theory involving stochastic integrals is now widespread in time series econometrics and …

The Anatomy of French Production Hierarchies … The Anatomy of French Production Hierarchies Discussion Paper We use a comprehensive dataset of French manufacturing firms to study their internal organization. We first divide the employees of each firm into …