A Trilemma for Asset Demand Estimation

SSRN Electronic Journal · 2025-01-01

A Note on Koijen and Yogo's Cross-sectional Demand Estimator

SSRN Electronic Journal · 2025-01-01 · 1 citations

Recommendations for Improving End-User Programming Education: A Case Study with Undergraduate Chemistry Students

Journal of Chemical Education · 2024-07-05 · 6 citations

Programming is widespread in multiple domains and is being integrated into various discipline-specific university courses where, like students in a typical introductory computing course, students from other disciplines face challenges with learning to program. We offer a case study in which we study undergraduate students majoring in either chemistry or biochemistry as they learn programming in a physical chemistry course sequence. Using surveys and think-aloud sessions with students, we conducted a thematic content analysis to explain the challenges they face in this endeavor. We found that students struggled to transfer their programming knowledge to new representations and problems, and they did not have strategies in place for solving problems with programming. These facts combine to lower students' confidence in their programming abilities, making it less likely that they will reach for computing to help solve domain-specific problems. We recommend that students in end-user programming contexts be explicitly taught the skills of abstraction, decomposition, and metacognitive awareness as they pertain to programming.

Rules versus Disclosure: Prudential Regulation and Market Discipline

SSRN Electronic Journal · 2024-01-01 · 4 citations

Who to Listen to? A Model of Endogenous Delegation

SSRN Electronic Journal · 2023-01-01 · 1 citations

Demand-System Asset Pricing: Theoretical Foundations

SSRN Electronic Journal · 2023-01-01 · 9 citations

Self-enforcing contracts with persistence

Journal of Monetary Economics · 2022-03-30 · 1 citations

SMS Training and Micro-Entrepreneurship Performance

SSRN Electronic Journal · 2022-01-01

Optimal Arrangements for Distribution in Developing Markets: Theory and Evidence

American Economic Journal Microeconomics · 2022 · 4 citations

• Industrial organization
• Business
• Microeconomics

A large literature examines demand-side barriers to product adoption. In this paper, we examine supply-side barriers in a setting with limited contract enforcement. We model the relationship between a distributor and its credit-constrained vendors. We show that the optimal self-enforcing arrangement can be implemented by providing vendors with a line of credit and the option to buy additional units at a fixed price. Moreover, the structure of this arrangement is optimal both for profit-maximizing firms and for nonprofit organizations with limited resources. We test the arrangement using a field experiment in rural Uganda. We find that the model-implied optimal arrangement increased distribution significantly compared to a standard contract. However, growth was lower than predicted by the model because vendors were unwilling to extend credit to customers and did not have access to a reliable savings technology. We discuss several recent technological innovations that help to overcome both of these challenges. (JEL C93, D86, G31, L14, L26, L31, O14)

Dynamic Bargaining with Private Information

2022-01-01