Publications [#239109] of Christopher D. Timmins

Journal Articles

1. Bayer, P; Timmins, C, Estimating equilibrium models of sorting across locations, The Economic Journal, vol. 117 no. 518 (March, 2007), pp. 353-374, Oxford University Press (OUP), ISSN 0013-0133 [repository], [doi]
   (last updated on 2023/08/05)

   Abstract:
   While there is growing interest in measuring the size and scope of local spillovers, it is well understood that such spillovers cannot be distinguished from unobservable local attributes using solely the observed location decisions of individuals or firms. We propose an empirical strategy for recovering estimates of spillovers in the presence of unobserved local attributes for a broadly applicable class of equilibrium sorting models. Our approach relies on an IV strategy derived from the internal logic of the sorting model itself. We show practically how the strategy is implemented, provide intuition for our instruments, discuss the role of effective choice-set variation in identifying the model, and carry-out a series of Monte Carlo simulations to demonstrate performance in small samples. © 2007 The Author(s). Journal compilation Royal Economic Society 2007.

   Keywords:
   Other Production and Pricing Analysis R320, Urban, Rural, and Regional Economics: Housing Demand R210, Urban, Rural, and Regional Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics R230