This chapter uses the marginal treatment effect (MTE) to unify and organize the econometric
literature on the evaluation of social programs. The marginal treatment effect is a choice …

This paper examines a potential agency conflict between mutual fund investors and mutual
fund companies. Investors would like the fund company to use its judgment to maximize risk …

This paper uses the marginal treatment effect (MTE) to unify the nonparametric literature on
treatment effects with the econometric literature on structural estimation using a …

This book provides an accessible collection of techniques for analyzing nonparametric and
semiparametric regression models. Worked examples include estimation of Engel curves …

This paper develops a new approach to testing for strategic entry deterrence and applies it
to the behavior of pharmaceutical incumbents before patent expiration. It examines a cross …

Using both a linear regression method and a probability-based method, we find that on
average, analysts place larger than efficient weights on (ie, they overweight) their private …

Low-skill workers are comparatively immobile: when labor demand slumps in a city, low-skill
workers are disproportionately likely to remain to face declining wages and employment …

Low-skill workers are comparatively immobile. This paper estimates the role of housing
prices and social transfers in accounting for this fact using a spatial equilibrium model …

This paper proposes a test of a restricted specification of regression, based on comparing
residual sum of squares from kernel regression. Our main case is where both the restricted …

This study utilized a semiparametric panel model to estimate environmental Kuznets curves
(EKC) for carbon dioxide (CO2) in 15 Latin American countries, using hitherto unused data …