This thesis is organized into three essays, each with particular insights involving public policy and family formation:
In the first essay, I address the well-documented correlation between the prestige of the university and the labor market income of its graduates by investigating whether a possible medium for this effect is...
I show that the speed of price adjustment to aggregate technology shocks is substantially larger than to monetary policy shocks. In the context of large Bayesian Vector Autoregression models, I establish that aggregate and disaggregate prices adjust very quickly to technology shocks, while they only respond sluggishly to monetary policy...
In the first chapter we analyze profits and efficiency implications of a relation between an upstream duopoly and downstream monopoly in Hotelling linear city model. While exclusive contracts maximize the monopolist's profit, at the same time socially they are inefficient. Linear prices, while more efficient, usually also do not achieve...
In the first part of the dissertation I study mechanism design under limited communication. Chapter 1 offers a detailed analysis of auctions with simultaneous limited communication. I solve for both welfare and revenue maximizing equilibria. The striking feature of optimal equilibria is that they are asymmetric even when the setup...
This dissertation is composed of three chapters, each contributing to different aspects of the literature of partially identified econometric models.
In the first chapter, I introduce a bootstrap procedure to perform inference in the class of partially identified econometric models defined by finitely many moment equalities and inequalities. I provide...
Ethicity, race and gender play an important role in labor markets; labor market outcomes such as hiring and compensation are very different across different social groups. These differentials are partly the result of differences in productivity and preferences and partly the result of discrimination. Chapter two uses an audit study...
Institutions are an important determinant of a society's economic performance. To understand why institutions affect economic activity we have to understand how they affect people's incentives in the economy. The patterns of social interaction and beliefs in a society determine the choice of institution. This dissertation focuses on societies where...
I study the problem of choice between two treatments for a population of observationally identical individuals based on statistical evidence about average treatment effects that does not reveal the best treatment with certainty. I approach the problem from the perspective of statistical decision theory, derive treatment rules that minimize maximum...
This dissertation formulates, solves and estimates dynamic stochastic games to answer various questions that arise in Industrial Organization. First chapter is a "theoretic" investigation of learning-by-doing and organizational forgetting that shows them to be distinct economic forces whose interplay gives rise to aggressive pricing behavior, market dominance, and multiple equilibria....
This dissertation analyzes how individuals choose college majors. The choice of college major is treated as one made under uncertainty. Understanding any decision under uncertainty requires one to study how expectations and preferences are used to make the choice. However, since observed choices may be consistent with many combinations of...