addresses Abaluck and Gruber’s reply to our comment,
both of which appear in the December 2016 AER.
workshop paper is an earlier draft that contains a description of the
analytical model and additional results not published in the REEP version.
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.
preferences for amenities from sorting behavior in housing, labor, and
health insurance markets
distributional welfare effects of environmental regulation and nudges
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 This 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 2010).