The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
This zip file contains the replication files for the manuscript.
This supplement presents the statements and proofs of the lemmas that are used in the Appendix of the paper. Lemmas A.1-A.6 are used in the proofs of Theorems 2.4 and 3.2. Lemma B.1 is used in the proof of Theorem 3.1.
This supplement extends the model to include two features which are particularly important for housing markets: rental markets and collateralized borrowing. It describes the solution for the model with fixed costs in general equilibrium. It also argues that time-series data on durable spending provides additional support for the theoretical model with fixed costs of durable adjustment. Finally it describes a representative agent version of the durable model with quadratic adjustment costs.
This zip file contains the replication files for the manuscript.
This appendix includes a host of robustness checks and additional analyses to support the findings of the paper.
This zip file contains the replication files for the manuscript.
This appendix provides additional proofs for the manuscript.
This appendix consists of three sections. Efficiency: in this section we use the theory to characterize the optimal process of reallocation of reserve balances in the fed funds market by studying the problem of a social planner who can reallocate reserves subject to the same bilateral trading technology available to private agents and shows the equilibrium. Data: in this section we describe the data and estimation procedures used in the quantitative implementation of the theory. Quantitative Exercises: in this section we conduct supplementary policy experiments and robustness exercises.
This zip file contains the replication files for the manuscript.
This online appendix includes the instructions used for the experiments reported in the body of the paper as well as the instructions and analysis of an earlier experiment.
This zip file contains the replication files for the manuscript.
In this note, we provide (i) the derivation of the cursed equilibrium and analogy-based expectation equilibrium (which are the same under our specification) and (ii) the derivation of L1's bids with a discrete bid space (which is analogous to ILN's Proposition 3).
This zip file contains the replication files for the manuscript.
