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Aggregation without the Aggravation? Nonparametric Analysis of the Representative Consumer
revealed preference aggregation Gorman polar form GARP
2012/10/17
In the tradition of Afriat (1967), Diewert (1973) and Varian (1982), we provide a revealed preference characterisation of the representative consumer. Our results are simple and complement those of Go...
Learning about a Class of Belief-Dependent Preferences without Information on Beliefs
belief-dependent preferences guilt aversion reciprocity partial identification
2012/10/24
We show how to bound the effect of belief-dependent preferences on choices in sequential two-player games without information about the (higher-order) beliefs of players. The approach can be applied t...
Equilibrium Wage and Employment Dynamics in a Model of Wage Posting without Commitment
wage dispersion wage setting rank-preserving equilibrium
2012/10/24
A rich but tractable variant of the Burdett-Mortensen model of wage setting behavior is formulated and a dynamic market equilibrium solution to the model is defined and characterized. In the model, fi...
Labor force trends of persons with and without disabilities
Labor force trends disabilities
2009/5/4
Trends in labor force participation rates of persons with disabilities follow closely those of persons of the same age and sex who are free of disabilities; in both groups, women fared better than men...
Despite a large influx of single mothers into the labor force following the passage of welfare reform in 1996, metropolitan areas generated more than enough jobs to employ these new entrants without d...
On Price-Setting for Identical Products in Markets without Formal Trade Barriers
Price setting price discrimina
2013/10/18
This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an ident...
Surviving Unemployment without State Support: Unemployment and Household Formation in South Africa
Unemployment household formation South Africa incentive effects
2013/10/17
High unemployment in many OECD countries is often attributed, at least in part, to the generosity and long duration of unemployment compensation. It is therefore instructive to examine a country where...