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Diffuse Bunching with Frictions: Theory and Estimation

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NBER2024-06-01 更新2025-01-04 收录
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We incorporate a general model of frictions into the bunching-based elasticity estimator. The new estimator replaces bunching-window bounds with a lumpiness parameter and uses fewer parameters than the conventional approach while delivering additional economically-interpretable quantities such as

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2024-06-01
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