Our primary faculty research groups are focused in our five core areas: applied microeconomics, econometrics, economic theory, finance, and macroeconomics. Our joint faculty includes experts from the Carey Business School and the School of Advanced International Studies.
Econometrics Group
Coverage includes: forecasting, microeconometrics, panel data and cross sections, semi-/non-parametric econometrics, and time-series methods
- Faculty: Yingyao Hu, Lixiong Li, Jonathan Wright, Richard Spady
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Mandatory vs. Discretionary Spending: The Status Quo Effect
Do mandatory spending programs such as Medicare improve efficiency? We analyze a model with two parties allocating a fixed budget to a public good and private transfers each period over an infinite horizon. We compare two institutions that differ in whether public good spending is discretionary or mandatory. We model mandatory spending as an endogenous…
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A Mechanism for Eliciting Second-Order Beliefs and the Inclination to Choose
This paper describes a direct revelation mechanism for eliciting decision makers’ introspective beliefs on sets of subjective prior or posterior probabilities. The proposed scheme constitutes a revealed-preference procedure for measuring the inclination of decision makers to choose one alternative over another modeled by Minardi and Savochkin (2015).