3 papers
econ.GN2021
Signaling and Employer Learning with Instruments
Gaurab Aryal, Manudeep Bhuller, Fabian Lange
This paper considers the use of instruments to identify and estimate private and social returns to education within a model of employer learning. What an instrument identifies depe…
econ.GN2021
Coordinated Capacity Reductions and Public Communication in the Airline Industry
Gaurab Aryal, Federico Ciliberto, Benjamin T. Leyden
We investigate the allegation that legacy U.S. airlines communicated via earnings calls to coordinate with other legacy airlines in offering fewer seats on competitive routes. To t…
econ.GN2020
Auctioning Annuities
Gaurab Aryal, Eduardo Fajnzylber, Maria F. Gabrielli +1
We propose and estimate a model of demand and supply of annuities. To this end, we use rich data from Chile, where annuities are bought and sold in a private market via a two-stage…