This paper applies some general concepts in decision theory to a simple instrumental variables model. There are two endogenous variables linked by a single structural equation; k of the exogenousâ€¦ (More)

We analyze the optimal consumption program of an infinitely lived consumer who maximizes the discounted sum of utilities subject to a sequence of budget constraints where both the interest rate andâ€¦ (More)

Gilboa and Schmeidler provide axioms on preferences that imply a set of distributions and a preference ordering based on the minimum expected utility with respect to this set We consider jointâ€¦ (More)

Proceedings of the National Academy of Sciencesâ€¦

2013

I studied predictive effects of teachers and schools on test scores in fourth through eighth grade and outcomes later in life such as college attendance and earnings. For example, predict theâ€¦ (More)

This paper applies some general concepts in decision theory to a linear panel data model. A simple version of the model is an autoregression with a separate intercept for each unit in the crossâ€¦ (More)

Elena Manresa, Dante Amengual, +10 authorsFrancis Vella

2015

I consider settings where outcomes depend on own characteristics and on the characteristics of other individuals in the sample. I propose a method to identify individuals generating spillovers andâ€¦ (More)

This paper considers an individual making a treatment choice. The individual has access to data on other individuals, with values for a list of characteristics, treatment assignments, and outcomes.â€¦ (More)