4 papers
Equilibrium Transition from Loss-Leader Competition: How Advertising Restrictions Facilitate Price Coordination in Chilean Pharmaceutical Retail
Yu, Hao
Between December 2007 and April 2008 Chile's three retail pharmacy chains coordinated price increases on 222 medicines, weeks after advertising restrictions ended the comparative-p…
Semiparametric Identification of the Discount Factor and Payoff Function in Dynamic Discrete Choice Models
Yu Hao, Hiroyuki Kasahara, Katsumi Shimotsu
This paper investigates how the discount factor and payoff functions can be identified in stationary infinite-horizon dynamic discrete choice models. In single-agent models, we sho…
Estimating the Number of Components in Panel Data Finite Mixture Regression Models with an Application to Production Function Heterogeneity
Yu Hao, Hiroyuki Kasahara
This paper develops statistical methods for determining the number of components in panel data finite mixture regression models with regression errors independently distributed as…
A Multi-LLM-Agent-Based Framework for Economic and Public Policy Analysis
Yuzhi Hao, Danyang Xie
This paper pioneers a novel approach to economic and public policy analysis by leveraging multiple Large Language Models (LLMs) as heterogeneous artificial economic agents. We firs…