Advances in economics and econometrics : theory and applications : eighth World Congress. Volume II /

This is the second of three volumes containing edited versions of papers and commentaries presented in invited symposium sessions of the Eighth World Congress of the Econometric Society. The papers summarize and interpret recent key developments and discuss future directions in a wide range of topic...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor Corporativo: Econometric Society. World Congress
Otros Autores: Dewatripont, M. (Mathias), Hansen, Lars Peter, Turnovsky, Stephen J.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, U.K. ; New York : Cambridge University Press, 2003.
Colección:Econometric Society monographs ; no. 36.
Temas:
Econometrics > Congresses.
Economics > Congresses.
Économétrie > Congrès.
Économie politique > Congrès.
BUSINESS & ECONOMICS > Econometrics.
BUSINESS & ECONOMICS > Statistics.
Econometrics
Economics
Congress
proceedings (reports)
Conference papers and proceedings
Conference papers and proceedings.
Actes de congrès.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover
  • Half-title
  • Series-title
  • Title
  • Copyright
  • Contents
  • Contributors
  • Preface
  • CHAPTER 1 Sorting, Education, and Inequality
  • 1. INTRODUCTION
  • 2. SORTING INTO NEIGHBORHOODS
  • 2.1. Multicommunity Models: The Economics of Sorting
  • 2.2. The Efficiency of Local Provision of Education
  • 2.3. Comparing Systems of Financing Public Education: Dynamic Considerations
  • 3. SORTING INTO SCHOOLS
  • 4. HOUSEHOLD SORTING
  • 5. CONCLUDING REMARKS
  • ACKNOWLEDGMENTS
  • References
  • CHAPTER 2 Wage Equations and Education Policy
  • 1. INTRODUCTION
  • 2. INTERPRETING WAGE EQUATIONS
  • 2.1. The Wage Equation in a Competitive Model
  • 2.2. The Wage Equation in the Burdett ... Mortensen Equilibrium Search Model
  • 2.3. The Schooling Coefficient
  • 2.4. A Brief Digression: Estimating the Schooling Coefficient by Using Natural Experiments
  • 3. EXTENSIONS OF THE COMPETITIVE SKILL MARKET EQUILIBRIUM MODEL
  • 3.1. Willis and Rosen
  • 3.2. Heckman and Sedlacek
  • 3.3. Keane and Wolpin
  • 4. USE OF STRUCTURAL ESTIMATION OF SCHOOLING CHOICE MODELS FOR THE EVALUATION OF EDUCATION POLICIES
  • 4.1. Graduation Bonuses
  • 4.2. Tuition Effects
  • 4.3. Relaxing Borrowing Constraints
  • 5. GENERAL EQUILIBRIUM
  • 6. CONCLUSIONS
  • ACKNOWLEDGMENTS
  • References
  • Empirical and Theoretical Issues in the Analysis of Education Policy
  • 1. INTRODUCTION
  • 2. SORTING, EDUCATION, AND INEQUALITY
  • 3. WAGE EQUATIONS AND EDUCATION POLICY
  • 4. CONCLUSION
  • ACKNOWLEDGMENTS
  • References
  • CHAPTER 3 Toward a Theory of Competition Policy
  • 1. INTRODUCTION
  • 2. PRICE-FIXING AGREEMENTS
  • 2.1. Fighting Collusion Per Se
  • 2.2. Fighting Facilitating Practices
  • 3. MERGER CONTROL
  • 3.1. The Efficiency ... Market Power Trade-Off
  • 3.2. Assessing the Collusion Concern: The Role of Capacity Constraints
  • 4. RESEARCH AGENDA
  • 4.1. Procedures and Control Rights
  • 4.2. Timing of Oversight
  • 4.3. Information Intensiveness and Continued Relationship
  • 4.4. Independence vis-à-vis the Political Environment
  • ACKNOWLEDGMENTS
  • References
  • CHAPTER 4 Identification and Estimation of Cost Functions Using Observed Bid Data
  • 1. INTRODUCTION
  • 2. IDENTIFYING MARGINAL COST FUNCTIONS FROM BIDS AND MARKET PRICES AND QUANTITIES
  • 3. MODELS OF BEST-RESPONSE BIDDING AND BEST-RESPONSE PRICING
  • 4. RECOVERING COST FUNCTION ESTIMATES FROM BEST-RESPONSE PRICES
  • 5. RECOVERING COST FUNCTION ESTIMATES FROM BEST-RESPONSE BIDDING
  • 6. OVERVIEW OF NEM1
  • 6.1. Market Structure in NEM1
  • 6.2. Market Rules in NEM1
  • 7. RECOVERING IMPLIED MARGINAL COST FUNCTIONS AND HEDGE CONTRACT QUANTITIES
  • 8. IMPLICATIONS FOR MARKET MONITORING AND DIRECTIONS FOR FUTURE RESEARCH
  • ACKNOWLEDGMENTS
  • References
  • CHAPTER 5 Liquidity, Default, and Crashes
  • 1. LIQUIDITY CRISES
  • 2. DEFAULT AND ENDOGENOUS CONTRACTS
  • 3. DEFAULT AND COLLATERAL
  • 3.1. Contracts with Collateral
  • 3.2. Production
  • 4. COLLATERAL EQUILIBRIUM
  • 4.1. The Budget Set
  • 4.2. Equilibrium
  • 4.3. The Orderly Function of Markets
  • 4.4. Endogenous Contracts
  • 4.5. Margins and Liqui.

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