activity
20142025
most citedA Note on Kuhn's Theorem with Ambiguity Averse Players

14 citations · 31 across the 16 of their papers we have counts for

collaborators

19 papers

econ.GN2025

Bridging Quasi-Experimental and Structural Approaches for Robust Evaluation of US Airline Mergers

Gaurab Aryal, Anirban Chattopadhyaya, Federico Ciliberto

We bridge quasi-experimental and structural approaches for robust merger evaluation. First, we show that the difference-in-differences (DiD) equation is the "reduced form" of a str…

econ.GN2024

Econometrics of Insurance with Multidimensional Types

Gaurab Aryal, Isabelle Perrigne, Quang Vuong +1

In this paper, we address the identification and estimation of insurance models where insurees have private information about their risk and risk aversion. The model includes rando…

econ.GN2024

The Benefits from Bundling Demand in K-12 Broadband Procurement

Gaurab Aryal, Charles Murry, Pallavi Pal +1

We study a new market design for K-12 school broadband procurement that switched from school-specific bidding to a system that bundled schools into groups. Using an event study app…

econ.GN2023

Common Subcontracting and Airline Prices

Gaurab Aryal, Dennis J. Campbell, Federico Ciliberto +1

In the US airline industry, independent regional airlines fly passengers on behalf of several national airlines across different markets, giving rise to $\textit{common subcontract…

econ.GN2022

Valuing Pharmaceutical Drug Innovations

Gaurab Aryal, Federico Ciliberto, Leland E. Farmer +1

We propose a methodology to estimate the market value of pharmaceutical drugs. Our approach combines the event study method with a discounted cash flow model that infers drug value…

q-fin.GN2022

Security Issuance, Institutional Investors and Quid Pro Quo

Gaurab Aryal, Zhaohui Chen, Yuchi Yao +1

Securities issuance through intermediaries is subject to agency problems and informational frictions. We examine these effects using SPAC data. We identify ``premium'' investors wh…

econ.TH2022

Desirable Rankings

Gaurab Aryal, Thayer Morrill, Peter Troyan

We study the problem of aggregating individual preferences over alternatives into a collective ranking. A distinctive feature of our setting is that agents are matched to alternati…

econ.GN2021★ 13 cited

Procurements with Bidder Asymmetry in Cost and Risk-Aversion

Gaurab Aryal, Hanna Charankevich, Seungwon Jeong +1

We propose an empirical method to analyze data from first-price procurements where bidders are asymmetric in their risk-aversion (CRRA) coefficients and distributions of private co…

econ.GN2021

Empirical Framework for Cournot Oligopoly with Private Information

Gaurab Aryal, Federico Zincenko

We propose an empirical framework for asymmetric Cournot oligopoly with private information about variable costs. First, considering a linear demand for a homogenous product with a…

econ.GN2021★ 1 cited

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

Price Discrimination in International Airline Markets

Gaurab Aryal, Charles Murry, Jonathan W. Williams

We develop a model of inter-temporal and intra-temporal price discrimination by monopoly airlines to study the ability of different discriminatory pricing mechanisms to increase ef…

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…

econ.GN2015

Is Collusion-Proof Procurement Expensive?

Gaurab Aryal, Maria F. Gabrielli

Collusion among bidders adversely affects procurement cost and in some cases efficiency, and it seems collusion is more prevalent that we would like. Statistical methods of detecti…

q-fin.MF2015★ 2 cited

Identification of Insurance Models with Multidimensional Screening

Gaurab Aryal, Isabelle Perrigne, Quang Vuong

This paper addresses the identification of insurance models with multidimensional screening where insurees have private information about their risk and risk aversion. The model in…

econ.GN2015★ 1 cited

Empirical Relevance of Ambiguity in First Price Auction Models

Gaurab Aryal, Dong-Hyuk Kim

We study the identification and estimation of first-price auction models where bidders have ambiguity about the valuation distribution and their preferences are represented by maxm…

econ.GN2014

Identification and Estimation of Multidimensional Screening

Gaurab Aryal, Federico Zincenko

We study the identification and estimation of a multidimensional screening model in which a monopolist sells a product with multiple continuous attributes to consumers with private…

econ.GN2014★ 14 cited

A Note on Kuhn's Theorem with Ambiguity Averse Players

Gaurab Aryal, Ronald Stauber

Kuhn's Theorem shows that extensive games with perfect recall can equivalently be analyzed using mixed or behavioral strategies, as long as players are expected utility maximizers.…

econ.GN2014

Semiparametric Estimation of First-Price Auction Models

Gaurab Aryal, Maria Florencia Gabrielli, Quang Vuong

We propose a semiparametric method to estimate the density of private values in first-price auctions. Specifically, we model private values through a set of conditional moment rest…