Zobrazeno 1 - 10
of 74
pro vyhledávání: '"Aryal, Gaurab"'
In this paper, we address the identification and estimation of insurance models where insurees have private information about their risk and risk aversion. The model includes random damages and allows for several claims, while insurers choose from a
Externí odkaz:
http://arxiv.org/abs/2410.08416
We evaluate the effects of bundling demand for broadband internet by K-12 schools. In 2014, New Jersey switched from decentralized procurements to a new procurement system that bundled schools into four regional groups. Using an event study approach,
Externí odkaz:
http://arxiv.org/abs/2402.07277
In the US airline industry, independent regional airlines fly passengers on behalf of several national airlines across different markets, giving rise to $\textit{common subcontracting}$. On the one hand, we find that subcontracting is associated with
Externí odkaz:
http://arxiv.org/abs/2301.05999
We propose a methodology to estimate the market value of pharmaceutical drugs. Our approach combines an event study with a model of discounted cash flows and uses stock market responses to drug development announcements to infer the values. We estima
Externí odkaz:
http://arxiv.org/abs/2212.07384
Securities issuance through intermediaries is subject to agency problems and informational frictions. We examine these effects using SPAC data. We identify ``premium'' investors whose participation is linked to lower liquidation risk, higher returns,
Externí odkaz:
http://arxiv.org/abs/2211.16643
We propose an empirical method to analyze data from first-price procurements where bidders are asymmetric in their risk-aversion (CRRA) coefficients and distributions of private costs. Our Bayesian approach evaluates the likelihood by solving type-sy
Externí odkaz:
http://arxiv.org/abs/2111.04626
Autor:
Aryal, Gaurab, Zincenko, Federico
We propose an empirical framework for asymmetric Cournot oligopoly with private information about variable costs. First, considering a linear demand for a homogenous product with a random intercept, we characterize the Bayesian Cournot-Nash equilibri
Externí odkaz:
http://arxiv.org/abs/2106.15035
This paper considers the use of instruments to identify and estimate private and social returns to education within a model of employer learning. What an instrument identifies depends on whether it is hidden from, or transparent (i.e., observed) to,
Externí odkaz:
http://arxiv.org/abs/2103.04123
We develop a model of inter-temporal and intra-temporal price discrimination by monopoly airlines to study the ability of different discriminatory pricing mechanisms to increase efficiency and the associated distributional implications. To estimate t
Externí odkaz:
http://arxiv.org/abs/2102.05751
We investigate the allegation that legacy U.S. airlines communicated via earnings calls to coordinate with other legacy airlines in offering fewer seats on competitive routes. To this end, we first use text analytics to build a novel dataset on commu
Externí odkaz:
http://arxiv.org/abs/2102.05739