Harvard Economics Department Working Paper Series最新文献_第5页

Asymptotic Bias and Optimal Convergence Rates for Semiparametric Kernel Estimators in the Regression Discontinuity Model 回归不连续模型中半参数核估计的渐近偏差和最优收敛率

Harvard Economics Department Working Paper Series Pub Date : 2002-12-01 DOI: 10.2139/ssrn.373081

J. Porter

{"title":"Asymptotic Bias and Optimal Convergence Rates for Semiparametric Kernel Estimators in the Regression Discontinuity Model","authors":"J. Porter","doi":"10.2139/ssrn.373081","DOIUrl":"https://doi.org/10.2139/ssrn.373081","url":null,"abstract":"The regression discontinuity model has recently become a commonly applied framework for empirical work in economics. Hahn, Todd, and Van der Klaauw (2001) provide a formal development of the identification of a treatment effect in this framework and also note the potential bias problems in its estimation. This bias difficulty is the result of a particular feature of the regression discontinuity treatment effect estimation problem that distinguishes it from typical semiparametric estimation problems where smoothness is lacking. Here, the discontinuity is not simply an obstacle to overcome in estimation; instead, the size of discontinuity is itself the object of estimation interest. In this paper, I derive the optimal rate of convergence for estimation of the regression discontinuity treatment effect. The optimal rate suggests that the appropriate choice of estimator the bias difficulties are no worse than would be found in the usual nonparametric conditional mean estimation problem (at an interior point of the covariate support). Two estimators are proposed that attain the optimal rate under varying conditions. One estimator is based on Robinson's (1988) partially linear estimator. The other estimator uses local polynomial estimation and is optimal under a broader set of conditions.","PeriodicalId":221813,"journal":{"name":"Harvard Economics Department Working Paper Series","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2002-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128341314","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 26

Asymptotic Efficiency in Parametric Structural Models with Parameter-Dependent Support 具有参数依赖支持的参数结构模型的渐近效率

Harvard Economics Department Working Paper Series Pub Date : 2002-12-01 DOI: 10.2139/ssrn.373080

K. Hirano, J. Porter

引用次数: 98

Russia in Transition 转型中的俄罗斯

Harvard Economics Department Working Paper Series Pub Date : 2002-11-01 DOI: 10.2139/ssrn.346543

M. Schwarz, E. Lazear, S. Rosen

{"title":"Russia in Transition","authors":"M. Schwarz, E. Lazear, S. Rosen","doi":"10.2139/ssrn.346543","DOIUrl":"https://doi.org/10.2139/ssrn.346543","url":null,"abstract":"The history of transition in Russia is analyzed in this paper. Issues ranging from managerial incentives to the changing structure of trade are considered in an attempt to present a comprehensive sketch of the state of the Russian economy. The transition in Russia can be compared with demobilization. Demobilization process is often accompanied by large output declines. For instance, during the post World War II demobilization the US GNP declined by 25%. In light of this, the great contraction of the Russian economy does not appear to be a major outlier when the militaristic nature of the Soviet economy is taken into account. We point out a previously unexplored factor detrimental for incentives of Russian managers, which we call soft taxation. Soft taxation is a free market analog of soft-budget constraints. Due to the inefficiency of institutions, managers have an incentive to take costly actions in order to signal that the profitability of the firm is low. Also, we suggest a few indices of aggregate economic shocks including one based on the structure of foreign trade. The values of the indices of aggregate shocks for the Russian economy are compared to those of several other countries. The data seem to indicate that the changes in the structure of Russian trade have been far greater than in non-transition economies. However, other indices of economic adjustment do not paint a picture of a rapid transition.","PeriodicalId":221813,"journal":{"name":"Harvard Economics Department Working Paper Series","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2002-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115293534","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Investment Tournaments: Should a Rational Agent Put All His Eggs in One Basket? 投资锦标赛:一个理性的代理人应该把所有的鸡蛋放在一个篮子里吗?

Harvard Economics Department Working Paper Series Pub Date : 2002-10-01 DOI: 10.2139/ssrn.343801

M. Schwarz

引用次数: 1

Consumption-Based Asset Pricing 基于消费的资产定价

Harvard Economics Department Working Paper Series Pub Date : 2002-09-01 DOI: 10.2139/SSRN.343784

John Y. Campbell

引用次数: 802

The Effects of Revenue-Sharing Contracts on Welfare in Vertically-Separated Markets: Evidence from the Video Rental Industry 垂直分离市场中收入分成契约对福利的影响:来自录像带租赁业的证据

Harvard Economics Department Working Paper Series Pub Date : 2002-08-01 DOI: 10.2139/ssrn.336244

J. Mortimer

{"title":"The Effects of Revenue-Sharing Contracts on Welfare in Vertically-Separated Markets: Evidence from the Video Rental Industry","authors":"J. Mortimer","doi":"10.2139/ssrn.336244","DOIUrl":"https://doi.org/10.2139/ssrn.336244","url":null,"abstract":"In this study I analyze the implications of contractual innovation in vertically-separated industries, using the example of the video rental industry. Prior to 1998, video stores obtained inventory from movie distributors using simple linear pricing contracts. In 1998, revenue-sharing contracts, which include inventory restrictions, were widely adopted. I investigate the effect of using revenue-sharing contracts on firms' profits and consumer welfare, relative to linear pricing contracts. I analyze a new panel dataset of home video retailers that includes information on individual retailers' contract and inventory choices, weekly rentals and sales, and contract terms (prices and quantity restrictions) for 1,114 movie titles and 6,594 retailers in the U. S during each week of 1998 and 1999. A structural econometric model of firms' behavior is developed and estimated, and counterfactual experiments are performed. The results indicate that total upstream and downstream profits increase by three to six percent, and consumers benefit substantially when revenue-sharing contracts are adopted. I also examine the effects of the observed quantity restrictions. I find that these restrictions serve to increase profit for upstream firms and decrease profits for downstream firms, relative to revenue-sharing contracts without inventory restrictions.","PeriodicalId":221813,"journal":{"name":"Harvard Economics Department Working Paper Series","volume":"1618 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2002-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113995105","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 104

Competing Auctions 竞争拍卖

Harvard Economics Department Working Paper Series Pub Date : 2002-02-07 DOI: 10.2139/ssrn.323740

D. Fudenberg, Glenn Ellison

引用次数: 141

The Economics of Location-Based Tax Incentives 基于地理位置的税收激励经济学

Harvard Economics Department Working Paper Series Pub Date : 2001-10-01 DOI: 10.2139/ssrn.289834

E. Glaeser

引用次数: 93

U.S. Monetary Policy During the 1990s 1990年代的美国货币政策

Harvard Economics Department Working Paper Series Pub Date : 2001-08-01 DOI: 10.2139/ssrn.279232

N. Mankiw

引用次数: 127

Information Technology and the U.S. Economy 信息技术与美国经济

Harvard Economics Department Working Paper Series Pub Date : 2001-01-01 DOI: 10.2139/ssrn.257536

D. Jorgenson

{"title":"Information Technology and the U.S. Economy","authors":"D. Jorgenson","doi":"10.2139/ssrn.257536","DOIUrl":"https://doi.org/10.2139/ssrn.257536","url":null,"abstract":"Автор предлагаемой статьи Дейл Йоргенсон является одним из наиболее значимых современных экономистов. Его блестящие работы в различных областях экономики принесли ему заслуженное уважение коллег во всем мире. В своей стране профессор Д. Йоргенсон избирался председателем Американского эконометрического общества в 1987 г. В настоящее время он является президентом Американской экономической ассоциации. Значителен вклад профессора Д. Йоргенсона в воспитание молодых экономистов в знаменитых университетах: Беркли с 1959 по 1969 гг. и с 1969 г. - в Гарварде. Профессор Д. Йоргенсон любезно предоставил \"Экономическому журналу ВШЭ\" право опубликовать свое ежегодное обращение к членам Американской экономической ассоциации от 6 января 2001 г. Одновременно с \"Экономическим журналом ВШЭ\" это обращение будет напечатано в \"American Economic Review\" (Vol. 91, N 1, р. 1-32). Во время предстоящего визита в ГУ-ВШЭ, в середине мая 2001 г., профессор Д. Йоргенсон выступит с открытой лекцией, тема которой развивает содержание данной публикации.","PeriodicalId":221813,"journal":{"name":"Harvard Economics Department Working Paper Series","volume":"205 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2001-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133838188","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1130