Detail Essays in applied microeconometric analysis Bibliografi Author: Pakes, Ariel (Advisor); Leslie, Phillip John Topik: ECONOMICS; GENERAL|EDUCATION; FINANCE|THEATER Bahasa: (EN )    ISBN: 0-599-31133-9     Penerbit: Yale University Press     Tahun Terbit: 1999     Jenis: Theses - Dissertation Fulltext: 9931041.pdf (0.0B; 0 download) Abstract This dissertation is based on two applications of structural microeconometric analysis. Chapter 1 is a general discussion of structural microeconometrics, together with specific background and motivation for the studies undertaken in Chapters 2 and 3. In Chapter 2 a model of price discrimination is described which includes both second-degree and third-degree price discrimination. The model is designed to analyze ticket sales for a Broadway play. Heterogeneous consumers choose between tickets for various seat qualities, tickets sold at a discount booth, and tickets requiring a coupon available to a subset of the potential consumers. Using data from a Broadway play, the structural model is estimated and various experiments are conducted to investigate the implications of alternative pricing policies. Among the findings, price discrimination may improve the firm's profit by approximately 5%, relative to uniform pricing. The difference for aggregate consumer welfare is negligible. The presence of capacity constraints implies rationing, which leads to unusual substitution patterns between ticket categories. Chapter 3 is an analysis of individuals' schooling decisions and is joint work with Moshe Buchinsky. We combine contemporaneous decision making with the forecasting of future distributions into the unified framework of a dynamic optimization model. The insights from our approach are in the form of analyses of the effects from: (a) actual changes in conditional wage distributions over the years 1980 to 1994; (b) the use of alternative forecasting behaviors; (c) altering the individual's aversion to risk; and (d) changing various constraints such as tuition costs and the individual's initial level of wealth. These issues are studied in a variety of simulations using the March Current Population Survey. By modeling the individual's optimal choice of education based upon empirical wage distributions, we offer an evaluation of the effects of changes in the U.S. labor market on individuals' investments in their educational human capital. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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