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Endogenous search concentration in OTC markets
(Centro de Investigación y Docencia Económicas, División de Economía, 2019)
To explain the core-periphery structure observed in many OTC markets we augment a random matching model in three ways: we introduce preference heterogeneity in types and allow agents to choose how intense they meet specific ...
Semi-empirical likelihood estimation of manufacturing interaction-based model with asymmetric information
(Centro de Investigación y Docencia Económicas, División de Economía, 2011)
A semi-empirical likelihood estimator is proposed for models where agents interact under asymmetric information. The methodology focuses on situations where some variables that were privately observed when choices were ...