Robert Shimer
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View article: Decomposing Duration Dependence in a Stopping Time Model
Decomposing Duration Dependence in a Stopping Time Model Open
This package contains codes and data sets needed to reproduce results in Alvarez, Borovickova, Shimer: Decomposing Duration Dependence in a Stopping Time Model, accepted for publication in the Review of Economic Studies. Detailed descripti…
View article: Decomposing Duration Dependence in a Stopping Time Model
Decomposing Duration Dependence in a Stopping Time Model Open
This package contains codes and data sets needed to reproduce results in Alvarez, Borovickova, Shimer: Decomposing Duration Dependence in a Stopping Time Model, accepted for publication in the Review of Economic Studies. Detailed descripti…
View article: Consistent Evidence on Duration Dependence of Price Changes
Consistent Evidence on Duration Dependence of Price Changes Open
We develop an estimator and tests of a discrete time mixed proportional hazard (MPH) model of duration with unobserved heterogeneity.We allow for competing risks, observable characteristics, and censoring, and we use linear GMM, making est…
View article: Unpaired Kidney Exchange: Overcoming Double Coincidence of Wants without Money
Unpaired Kidney Exchange: Overcoming Double Coincidence of Wants without Money Open
For an incompatible patient-donor pair, kidney exchanges often forbid receipt-before-donation (the patient receives a kidney before the donor donates) and donation-before-receipt, causing a double-coincidence-of-wants problem.Our proposed …
View article: Internal and External Effects of Social Distancing in a Pandemic
Internal and External Effects of Social Distancing in a Pandemic Open
We develop a quantitative framework for exploring how individuals trade off the utility benefit of social activity against the internal and external health risks that come with social interactions during a pandemic.We calibrate the model t…
View article: High Wage Workers Work for High Wage Firms
High Wage Workers Work for High Wage Firms Open
We develop a new approach to measuring the correlation between the types of matched workers and firms.Our approach accurately measures the correlation in data sets with many workers and firms, but a small number of independent observations…
View article: The Emergence of Market Structure
The Emergence of Market Structure Open
What market structure emerges when market participants can choose the rate at which they contact others?We show that traders who choose a higher contact rate emerge as intermediaries, earning profits by taking asset positions that are misa…
View article: Decomposing Duration Dependence in a Stopping Time Model
Decomposing Duration Dependence in a Stopping Time Model Open
We develop a dynamic model of transitions in and out of employment.A worker finds a job at an optimal stopping time, when a Brownian motion with drift hits a barrier.This implies that the duration of each worker's jobless spells has an inv…
View article: Efficiency and Information Transmission in Bilateral Trading
Efficiency and Information Transmission in Bilateral Trading Open
We study pairwise trading mechanisms in the presence of private information and limited commitment, whereby either trader can walk away from a proposed trade when he learns the trading price. We show that when one trader's information is r…