经济学
In dynamic discrete choice (DDC) analysis, it is common to use mixture models to control for unobserved heterogeneity. However, consistent estimation typically requires both restrictions on the support of unobserved heterogeneity and a…
Metro Line 3 in Brussels is one of Europe's most debated infrastructure projects, marked by escalating costs, delays, and uncertainty over completion. Yet no public accessibility appraisal exists to inform this policy debate. This paper…
The COVID-19 pandemic disrupted schooling worldwide, raising concerns about widening educational inequalities. Using population-level administrative data from the Netherlands (N = 1,471,217), this study examines how socio-economic…
A seller wants to sell a good to a set of bidders using a credible mechanism. We show that when the seller has private information about her cost, it is impossible for a static mechanism to achieve the optimal revenue. In particular, even…
The impact evaluation of female sports events remains an important yet neglected area of research. To fill this gap, this working paper provides a timely assessment of the 2025 UEFA Women's European Championship (WEURO) in Switzerland-the…
Modern universities may play a significant role in entrepreneurial ecosystems by boosting the entrepreneurial activity of the region. One way to achieve this is through entrepreneurship education. In this study we suggest that one reason…
Over the past decade alternatives to traditional insurance and banking have grown in popularity. The desire to encourage local participation has lead products such as peer-to-peer insurance, reciprocal contracts, and decentralized finance…
This study investigates the impact of a fiscal policy spending shock on the economy of the Visegrad 4 countries. The impact is estimated with an SVAR model, and the calculations are based on 84 quarterly observations (1999Q1-2019Q4). The…
This paper investigates the strategic implications of the uniform rank-minimizing mechanism (URM), an assignment rule that selects uniformly from the set of deterministic assignments minimizing the sum of agents' reported ranks. We focus on…
The negative demand shock due to the COVID-19 lockdown has reduced net demand for electricity -- system demand less amount of energy produced by intermittent renewables, hydroelectric units, and net imports -- that must be served by…
Exogeneity is key for IV estimators, which can assessed via overidentification (OID) tests. We discuss the Kleibergen-Paap (KP) rank test as a heteroskedasticity-robust OID test and compare to the typical J-test. We derive the…
Focusing on stochastic finite-action mechanisms, we study implementation in undominated strategies and iteratively undominated strategies. We establish both possibility and impossibility results that resolve the open question in B\"orgers…
This document offers a synthesis of recent economic literature on three interconnected areas of labor markets: informality, the effects of the minimum wage, and monopsony power. Through the consolidation and meta-analysis of findings from…
Quantitative research relies heavily on coding, and coding errors are relatively common even in published research. In this paper, we examine whether individuals are more or less likely to check their code depending on the results they…
Difference-in-Differences (DiD) and Synthetic Control (SC) are widely used methods for causal inference in panel data, each with distinct strengths and limitations. We propose a novel method for short-panel causal inference that integrates…
Responsibility in complex networks extends beyond direct actions: players should also bear responsibility for the indirect effects within their supply chains or network. We introduce a novel framework to allocate responsibility for indirect…
New methods for modeling least-cost diets that meet nutritional requirements for health have emerged as important tools for informing nutrition policy and programming around the world. This study develops a three-step approach using cost of…
Business cycles (a periodic change of e.g. GDP over five to ten years) exist, but a proper explanation for it is still lacking. Here we extend the well-known NAIRU (non-accelerating inflation rate of unemployment) model, resulting in a set…
We propose a pseudo-structural framework for analyzing contemporaneous co-movements in reduced-rank matrix autoregressive (RRMAR) models. Unlike conventional vector-autoregressive (VAR) models that would discard the matrix structure, our…
This paper offers a synthesis of the empirical literature on the effects of monetary policy. Using the findings from an extensive collection of meta-analyses, it evaluates the effectiveness of conventional and unconventional monetary policy…