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Working Papers

2017-05: Multiple Equilibria in Empirical Games of Incomplete Information

Magesan, Arvind
Multiple equilibria in the data can confound identification in games of incomplete information. The standard approach is to assume “one equilibrium in the data” (OED) in spite of the fact that model generating the data exhibits multiplicity. I first show that games of incomplete information are non...

2017-04: Mismatch as choice

Chen, Yu (Sonja), Doyle, Matthew and Gonzalez, Francisco M.
We characterize a competitive search equilibrium in which firms in some markets create jobs that workers seek even though those jobs do not make the most productive use of workers' skills. We refer to markets in which workers purposefully search for and accept inferior jobs as exhibiting...

2017-03: The Incidence of the Corporate Income Tax on Wages: Evidence from Canadian Provinces

McKenzie, Kenneth James and Ferede, Ergete

2017-02: How Does the U.S. Natural Gas Market React to Demand and Supply Shocks in the Crude Oil Market?

Jadidzadeh, Ali and Serletis, Apostolos

2017-01: 150 Years of the Oil Price-Macroeconomy Relationship

Serletis, Apostolos

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