My Empirical IO Interests

• "Are Lemons Really Hot Potatoes?," with Monica Hartmann and Maxim Engers
• "Automobile Maintenance Costs, Used Cars, and Adverse Selection," (color figures) with Monica Hartmann and Maxim Engers
• "Automobile Maintenance Costs, Used Cars, and Adverse Selection," (black and white figures) with Monica Hartmann and Maxim Engers
• Mileage Drives Used Car Prices," with Monica Hartmann and Maxim Engers, Journal of Applied Econometrics, forthcoming.
• Mileage Drives Used Car Prices," (in black and white) with Monica Hartmann and Maxim Engers
• "The Production Function for Surgeries with Special Emphasis on Anesthesia Provision," with Lorraine Jordan and Elizabeth Merwin (under revision for Journal of Econometrics).

Present Work

• Maxim Engers, Monica Hartmann and I are working on a dynamic, empirical model of the used car market:
• Papers on Used Cars
• A description of the basic modeling principle
• A preliminary version of the dynamic model and estimation strategy
• Some regression estimates of changes in log car prices.
• Graphs of Car Price Paths and Scrap Rate Paths for Maxim and Monica
• Results for the NPTS
• Graphs of Maintenance Costs by Brand

Graduate Students Working on Empirical IO

• Jessica Horewitz - 1/97. "Are Team Owners in the National Football League Profit Maximizers?" Placement: Putnam, Hayes, and Bartlett.
• Mikel Ham - 5/98. "Rental Car Service Tenure and Downstream Vertical Integration in the Automobile Industry." Placement: Economic Analysis Corporation.
• Monica Hartmann- 8/00. "An Examination of Safety Provision and Tax Policy in a Structural Model of the Airline Industry." Placement: St. Thomas University.
• Brian McManus - 8/01. "Nonlinear Pricing in an Oligopoly Market: The Case of Specialty Coffee;" IJIO Prize for Best Paper by a Young Economist, Snavely Award for Best Dissertation, Article in Slate. Placement: Olin School of Business, Washington University in St. Louis.
• Michelle Goeree - 5/02. "Informative Advertising and the US Personal Computer Market: A Structural Empirical Examination." Young Economist Essay Prize (EARIE) European Association for Research in Industrial Economics, 2003, Snavely Award for Best Dissertation. Placement: University of Amsterdam.
• Kenneth Wilbur - 6/05. "Not All Eyeballs are Created Equal: A Structural Equilibrium Model of Television Advertisers, Networks, and Viewers." Placement: University of Southern California, Marshall School of Business.
• Loren Smith - 8/05. "Optimal Buying and Selling of Durable Goods: The Case of Commercial Aircraft." Placement: Federal Trade Commission.
• Paul Carrillo - 8/05. "An Equilibrium Search Model for Buyers and Sellers and an Empirical Application to the Real Estate Market." Placement: George Washington University.
• Beth Freeborn - 12/05. "Drug Laws and the Market for Cocaine." Placement: College of William and Mary.
• Naoko Akashi - 8/06. "The Effect of Hospitals-Insurers Interaction on Medical Care Pricing." Placement: California State University, Fullerton.
• Keith Brand - 10/06. "Equilibrium Product Characteristics in Health Insurance Markets: An Analysis of Medicare+Choice." Placement: Federal Trade Commission.
• John Harris. "A Model of Common-Value Auctions of Shares with an Application to Treasure Auctions." Placement: Chicago Partners.
• Jason Hulbert - 11/07. "A Dynamic Model of Multiproduct Firms: Advertising and Product Selection in the Ready to Eat Cereal Industry."
• Marc Santugini - 5/07. "Social Learning in the Motion Picture Market." Placement: HEC Montreal.
• Catherine Tyler Mooney - 6/07. "Evaluating the Impacts of Consolidation in the Radio Industry." Placement: University of Oklahoma.
• Adam Hyde. "A Structural Model of Physician Behavior."
• Eric Fesselmeyer - 12/08. "Learning and Product Selection: An Empirical Model of Monopoly Behavior." Placement: National University of Singapore.
• Jonathan Williams, "The Causes and Welfare Consequences of Predation: A Dynamic Equilibrium Model of the Airline Industry."
• Shuna Wang, "The Entry Deterrence Effect of Authorized Generic Drugs: A Dynamic Reputation Model of a Fighting Brand in the Pharmaceutical Industry."
• Kang Jian, "When Are the Tickets Cheapest? A Structural Model of an Airline's Dynamic Pricing under Fixed Capacity."

Check digit algorithm

Connection to CARFAX

Notes on Moment Matching for Monica and Maxim

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