Search Results for author:
Found 7 papers, 0 papers with code
One Factor to Bind the Cross-Section of Returns
We propose a new non-linear single-factor asset pricing model $r_{it}=h(f_{t}\lambda_{i})+\epsilon_{it}$.
Composite Sorting
We completely characterize optimal sorting and additionally show it is more positive when mismatch costs are less concave.
Bunching and Taxing Multidimensional Skills
Blunt bunching constitutes 30 percent of all bunching, occurs at the lowest regions of cognitive and manual skills, and lumps the allocations of these workers resulting in a significant distortion.
Beckmann's approach to multi-item multi-bidder auctions
We consider the problem of revenue-maximizing Bayesian auction design with several bidders having independent private values over several items.
Weighted-average quantile regression
In this paper, we introduce the weighted-average quantile regression framework, $\int_0^1 q_{Y|X}(u)\psi(u)du = X'\beta$, where $Y$ is a dependent variable, $X$ is a vector of covariates, $q_{Y|X}$ is the quantile function of the conditional distribution of $Y$ given $X$, $\psi$ is a weighting function, and $\beta$ is a vector of parameters.
Sorting with Teams
We fully solve a sorting problem with heterogeneous firms and multiple heterogeneous workers whose skills are imperfect substitutes.
Policy with stochastic hysteresis
Second, we characterize in closed form the dynamics of the stochastic hysteresis elasticity that represents the change in the whole optimal policy process with an introduction of small hysteresis effects.
