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General Equilibrium Theories of Spatial Agglomeration  

Marcus Berliant and Ping Wang

Online publication date:
Nov 2019
General equilibrium theories of spatial agglomeration are closed models of agent location that explain the formation and growth of cities. There are several types of such theories: ... More

Human Capital Inequality: Empirical Evidence  

Brant Abbott and Giovanni Gallipoli

This article focuses on the distribution of human capital and its implications for the accrual of economic resources to individuals and households. Human capital inequality can be thought ... More

Human Punishment Behavior  

Erte Xiao

Online publication date:
Dec 2019
Punishment has been regarded as an important instrument to sustain human cooperation. A great deal of experimental research has been conducted to understand human punishment behavior, in ... More

Improving on Simple Majority Voting by Alternative Voting Mechanisms  

Jacob K. Goeree, Philippos Louis, and Jingjing Zhang

Majority voting is the predominant mechanism for collective decision making. It is used in a broad range of applications, spanning from national referenda to small group decision making. It ... More

Incentives and Performance of Healthcare Professionals  

Martin Chalkley

Economists have long regarded healthcare as a unique and challenging area of economic activity on account of the specialized knowledge of healthcare professionals (HCPs) and the relatively ... More

Long Memory Models  

Peter Robinson

Online publication date:
May 2018
Long memory models are statistical models that describe strong correlation or dependence across time series data. This kind of phenomenon is often referred to as “long memory” or ... More

Machine Learning Econometrics: Bayesian Algorithms and Methods  

Dimitris Korobilis and Davide Pettenuzzo

Online publication date:
Aug 2020
Bayesian inference in economics is primarily perceived as a methodology for cases where the data are short, that is, not informative enough in order to be able to obtain reliable ... More

Machine Learning in Policy Evaluation: New Tools for Causal Inference  

Noémi Kreif and Karla DiazOrdaz

Online publication date:
Jul 2019
While machine learning (ML) methods have received a lot of attention in recent years, these methods are primarily for prediction. Empirical researchers conducting policy evaluations are, on ... More

Macroeconomic Aspects of Housing  

Charles Ka Yui Leung and Cho Yiu Joe Ng

This article summarizes research on the macroeconomic aspects of the housing market. In terms of the macroeconomic stylized facts, this article demonstrates that with respect to business ... More

Measurement Error: A Primer for Macroeconomists  

Simon van Norden

Online publication date:
Jan 2020
Most applied researchers in macroeconomics who work with official macroeconomic statistics (such as those found in the National Accounts, the Balance of Payments, national government ... More

Mergers and Acquisitions: Long-Run Performance and Success Factors  

Luc Renneboog and Cara Vansteenkiste

Online publication date:
Aug 2020
Despite the aggregate value of M&A market transactions amounting to several trillions dollars on an annual basis, acquiring firms often underperform relative to non-acquiring firms, ... More

Mixed Frequency Models  

Eric Ghysels

Online publication date:
Mar 2018
The majority of econometric models ignore the fact that many economic time series are sampled at different frequencies. A burgeoning literature pertains to econometric methods explicitly ... More

Modeling Chronic Diseases in Relation to Risk Factors  

Pieter van Baal and Hendriek Boshuizen

Online publication date:
May 2019
In most countries, non-communicable diseases have taken over infectious diseases as the most important causes of death. Many non-communicable diseases that were previously lethal diseases ... More

Noncompliance and Missing Data in Health Economic Evaluation  

Karla DiazOrdaz and Richard Grieve

Online publication date:
May 2019
Health economic evaluations face the issues of noncompliance and missing data. Here, noncompliance is defined as non-adherence to a specific treatment, and occurs within randomized ... More

Nonlinear Models in Macroeconometrics  

Timo Teräsvirta

Online publication date:
Jun 2018
Many nonlinear time series models have been around for a long time and have originated outside of time series econometrics. The stochastic models popular univariate, dynamic ... More

Outlier Detection  

Bent Nielsen

This is an advance summary of a forthcoming article in the Oxford Research Encyclopedia of Economics and Finance. Please check back later for the full article. ... More

Predictive Regressions  

Jesús Gonzalo and Jean-Yves Pitarakis

Online publication date:
Nov 2019
Predictive regressions are a widely used econometric environment for assessing the predictability of economic and financial variables using past values of one or more predictors. The nature ... More

Preferential Trade Agreements: Recent Theoretical and Empirical Developments  

James Lake and Pravin Krishna

In recent decades, there has been a dramatic proliferation of preferential trade agreements (PTAs) between countries that, while legal, contradict the non-discrimination principle of the ... More

Quality in Nursing Homes  

Matteo Lippi Bruni, Irene Mammi, and Rossella Verzulli

Online publication date:
Apr 2019
In developed countries, the role of public authorities as financing bodies and regulators of the long-term care sector is pervasive and calls for well-planned and informed policy actions. ... More

A Review of Gender Differences in Negotiation  

Iñigo Hernandez-Arenaz and Nagore Iriberri

Gender differences, both in entering negotiations and when negotiating, have been proved to exist: Men are usually more likely to enter into negotiation than women and when negotiating they ... More

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