5 papers
Random Utility Models with Skewed Random Components: the Smallest versus Largest Extreme Value Distribution
Richard T. Carson, Derrick H. Sun, Yixiao Sun
At the core of most random utility models (RUMs) is an individual agent with a random utility component following a largest extreme value Type I (LEVI) distribution. What if, inste…
Unconditional Effects of General Policy Interventions
Julian Martinez-Iriarte, Gabriel Montes-Rojas, Yixiao Sun
This paper studies the unconditional effects of a general policy intervention, which includes location-scale shifts and simultaneous shifts as special cases. The location-scale shi…
Identification and Estimation of Unconditional Policy Effects of an Endogenous Binary Treatment: An Unconditional MTE Approach
Julian Martinez-Iriarte, Yixiao Sun
This paper studies the identification and estimation of policy effects when treatment status is binary and endogenous. We introduce a new class of marginal treatment effects (MTEs)…
An Asymptotically F-Distributed Chow Test in the Presence of Heteroscedasticity and Autocorrelation
Yixiao Sun, Xuexin Wang
This study proposes a simple, trustworthy Chow test in the presence of heteroscedasticity and autocorrelation. The test is based on a series heteroscedasticity and autocorrelation…
Smoothed estimating equations for instrumental variables quantile regression
David M. Kaplan, Yixiao Sun
The moment conditions or estimating equations for instrumental variables quantile regression involve the discontinuous indicator function. We instead use smoothed estimating equati…