Search Results | Publications

You searched for:

Keyword: bias;

9 results found.

Journal Article

Long-Term Contracting With Time-Inconsistent Agents

Daniel Gottlieb and Xingtan Zhang

We study contracts between naive present-biased consumers and risk-neutral firms. We show that the welfare loss from present bias vanishes as the contracting horizon grows. This is true both when bargaining power is on t...Read more...

1 March 2021

Econometrics Paper

Likelihood corrections for two-way models

Koen Jochmans and Taisuke Otsu

The use of two-way fixed-effect models is widespread. The presence of incidental parameter bias, however, invalidates statistical inference based on the likelihood. In this paper we consider modifications to the (profile...Read more...

19 February 2018

Econometrics Paper

Efficient Inference on Fractionally Integrated Panel Data Models with Fixed Effects

Peter M Robinson and Carlos Velasco

A dynamic panel data model is considered that contains possibly stochastic individual components and a common fractional stochastic time trend. We propose four different ways of coping with the individual effects so as t...Read more...

20 November 2013

Development Discussion Paper

Repayment Frequency in Microfinance Contracts with Present-Biased Borrowers

Greg Fischer and Maitreesh Ghatak

This paper analyzes the theoretical underpinnings of high-frequency repayment, a feature in nearly all microfinance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that f...Read more...

July 2010

Econometrics Paper

Bootstrap Tests of Stochastic Dominance with Asymptotic Similarity on the Boundary

Oliver Linton, Kyungchul Song and Yoon-Jae Whang

We propose a new method of testing stochastic dominance which improves on existing tests based on bootstrap or subsampling. Our test requires estimation of the contact sets between the marginal distributions. Our tests h...Read more...

February 2008

Econometrics Paper

Efficient Estimation of the Semiparametric Spatial Autoregressive Model

Peter M Robinson

Efficient semiparametric and parametric estimates are developed for a spatial autoregressive model, containing nonstochastic explanatory variables and innovations suspected to be non-normal. The main stress is on the cas...Read more...

February 2007

Political Economy and Public Policy Paper

BEING THE NEW YORK TIMES: THE POLITICAL BEHAVIOUR OF A NEWSPAPER

Riccardo Puglisi

I analyze a dataset of news from the New York Times, from 1946 to 1997. Controlling for the incumbent President's activity across issues, I find that during the presidential campaign the New York Times gives more emphasi...Read more...

April 2006

Econometrics Paper

Higher-Order Kernel Semiparametric M-Estimation of Long Memory

Marc Henry and Peter M Robinson

Econometric interest in the possibility of long memory has developed as a flexible alternative to, or compromise between, the usual short memory or unit root prescriptions, for example in the context of modelling cointeg...Read more...

September 2002

Development Economics Paper

Intrahousehold Resource Allocation in Rural Pakistan: A Semi-parametric Analysis

Cliff Attfield and Sonia R Bhalotra

We estimate semiparametric Engel curves for rural Pakistan using a large household survey. This allows us to obtain consistent estimates of the effects of household size and composition on consumption patterns even when ...Read more...

February 1998