Warehouse / JEL /
C41
C41
1 papers tracked
0 forthcoming
Showing 1 papers
Published
American Economic Review
Online 1 Oct 2025
Published Oct 2025
Consistent Evidence on Duration Dependence of Price ChangesFernando Alvarez · Katarína Borovičková · Robert Shimer
Layer 1 — Overview Research Question. This paper asks two related questions. First, can one develop a robust, distribution-free estimator for the discrete-time mixed proportional hazard (MPH) model of …