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Can you jump this high? Quantifying barriers to market participation
Economic Modelling ( IF 4.2 ) Pub Date : 2021-03-01 , DOI: 10.1016/j.econmod.2021.02.017
Mattia Guerini , Patrick Musso , Lionel Nesta

We develop a new method to estimate the parameters of threshold distributions for market participation based on an agent-specific attribute and its decision outcome. This method requires few behavioral assumptions, is not data demanding, and can adapt to various parametric distributions. An application to export decisions by French firms shows that threshold distributions are generally right-skewed. We then reveal the asymmetric effects of past policies over different quantiles of the threshold distributions.



中文翻译:

你能跳得这么高吗?量化市场参与的障碍

我们开发了一种新方法,可以根据特定于代理的属性及其决策结果来估计市场参与的阈值分布的参数。这种方法几乎不需要行为假设,不需要数据,并且可以适应各种参数分布。法国公司对出口决定的申请显示,阈值分布通常是右偏的。然后,我们揭示了过去策略对阈值分布的不同分位数的不对称影响。

更新日期:2021-03-11
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