Threshold Regression with Endogeneity … Threshold Regression with Endogeneity Discussion Paper This paper studies estimation and specification testing in threshold regression with endogeneity. Three key results differ from those in regular models. First, …

Consumer Guilt and Sustainable Choice: Environmental Impact of Durable Goods Innovation … Consumer Guilt and Sustainable Choice: Environmental Impact of Durable Goods Innovation Discussion Paper 19566 149345 149346 The paper develops a modeling framework …

Inference for Parameters Defined by Moment Inequalities: A Recommended Moment Selection Procedure … Inference for Parameters Defined by Moment Inequalities: A Recommended Moment Selection Procedure Discussion Paper This paper is concerned with tests and …

Stability and Robustness in Misspecified Learning Models … Stability and Robustness in Misspecified Learning Models Discussion Paper 301393 301394 152351 We present an approach to analyze learning outcomes in a broad class of misspecified environments, …

Understanding Overbidding in Second Price Auctions: An Experimental Study … Understanding Overbidding in Second Price Auctions: An Experimental Study Discussion Paper 149948 149949 This paper presents results from a series of second price private value …

Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program … Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program Discussion Paper 149652 149653 149604 The demand for air quality …

Experimenting with Career Concerns … Experimenting with Career Concerns Journal Publication 20633 152358 A manager who learns privately about a project over time may want to delay quitting it if recognizing failure/lack of success hurts his reputation. In …

End-of-Sample Instability Tests … End-of-Sample Instability Tests Discussion Paper 149297 This paper considers tests for structural instability of short duration, such as at the end of the sample. The key feature of the testing problem is that the number, …

An Empirical Model of Inventory Investment by Durable Commodity Intermediaries … An Empirical Model of Inventory Investment by Durable Commodity Intermediaries Discussion Paper 150038 150039 This paper introduces a new detailed data set of high-frequency …

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 …

Dispersed Behavior and Perceptions in Assortative Societies … Dispersed Behavior and Perceptions in Assortative Societies Journal Publication 301393 301394 152351 We formulate a model of social interactions and misinferences by agents who neglect …

Nonparametric Identification of Multinomial Choice Demand Models with Heterogeneous Consumers … Nonparametric Identification of Multinomial Choice Demand Models with Heterogeneous Consumers Discussion Paper 149383 We consider identification of …

Inference for Parameters Defined by Moment Inequalities: A Recommended Moment Selection Procedure … Inference for Parameters Defined by Moment Inequalities: A Recommended Moment Selection Procedure Discussion Paper 149297 149901 This paper is concerned …

Optimal Long-Term Health Insurance Contracts: Characterization, Computation, and Welfare Effects … Optimal Long-Term Health Insurance Contracts: Characterization, Computation, and Welfare Effects Journal Publication 20587 Reclassification risk is a major …