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Can you jump this high? Quantifying barriers to market participation

Authors :
Patrick Musso
Lionel Nesta
Mattia Guerini
Groupe de Recherche en Droit, Economie et Gestion (GREDEG)
Université Nice Sophia Antipolis (... - 2019) (UNS)
COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-Centre National de la Recherche Scientifique (CNRS)-Université Côte d'Azur (UCA)
HCC
Source :
Economic Modelling, Economic Modelling, Elsevier, 2021, 98, pp.192-217. ⟨10.1016/j.econmod.2021.02.017⟩

Abstract

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.

Details

Language :
English
ISSN :
02649993
Volume :
98
Database :
OpenAIRE
Journal :
Economic Modelling
Accession number :
edsair.doi.dedup.....c97bed1416e865667f603a111e469849
Full Text :
https://doi.org/10.1016/j.econmod.2021.02.017