paper is an earlier draft that contains a description of the analytical
model and additional results not published in the REEP version.
o NBER Working Paper
#16349 is an earlier draft that contains additional material on hedonic
demand estimation and the interpretation of capitalization effects that was
not published in the JEL version.
- Estimating the Heterogeneous Welfare Effects of
Choice Architecture: An Application to the Medicare Prescription Drug
Insurance Market (with Jonathan Ketcham and Christopher Powers) **new
draft coming soon**.
CURRENT RESEARCH AREAS
- Inferring preferences for amenities from sorting
behavior in housing, labor, and health insurance markets
- The distributional welfare effects of environmental
regulation and nudges
- Valuing a statistical life
- Global Optimization
Toolbox for Matlab This is a set of global optimization algorithms for Matlab. The Zip
file contains the toolbox for Matlab, along
with demonstration files and documentation. The documentation file contains
background on global optimization, explanations of each algorithm, and
test results on sample problems.
The genetic algorithm in particular seems effective in solving
certain low and medium dimensional problems up to 10 parameters. These algorithms are designed to
accompany the CompEcon toolbox written by Mario Miranda and
Paul Fackler, who also prepared this excellent
to programming in Matlab.
- Iterative Bidding
algorithm can be used to compute hedonic equilibria in markets where
buyers have heterogeneous preferences over the characteristics of a
differentiated product. The Zip
file contains the Matlab toolbox, a
documentation file, and code to reproduce the tables and figures from
Kuminoff and Jarrah (J. Urban Econ,
2010). The algorithm is also used
in Kuminoff, Parmeter, and Pope (JEEM