4 papers
Inference in Auctions with Many Bidders Using Transaction Prices
Federico A. Bugni, Yulong Wang
This paper studies inference in first-price and second-price sealed-bid auctions with many bidders, using an asymptotic framework where the number of bidders increases while the nu…
A Simple and Powerful Diagnostic Test for Binary Choice Models
Ting Ji, Laura Liu, Yulong Wang +1
This paper proposes a specification test for the conventional distributional assumptions of error terms in binary choice models, focusing on its tail properties. Based on extreme v…
Estimating Export-productivity Cutoff Contours with Profit Data: A Novel Threshold Estimation Approach
Peter H. Egger, Yulong Wang
This paper develops a novel method to estimate firm-specific market-entry thresholds in international economics, allowing fixed costs to vary across firms alongside productivity. O…
Binary Outcome Models with Extreme Covariates: Estimation and Prediction
Laura Liu, Yulong Wang
This paper presents a novel semiparametric method to study the effects of extreme events on binary outcomes and subsequently forecast future outcomes. Our approach, based on Bayes'…