Category Archives: Papers

An improved nonparametric estimator for households marginal utility functionThis paper considers the problem of estimating nonparametrically the marginal utility function of economic agents whose consumption decision is captured by a consumption based asset pricing Euler equation, and we provide an … Continue reading →

Wealth Inequality, Uninsurable Entrepreneurial Risk and Firms’ Market Power (JMP) (link)This paper examines the effect of wealth concentration on firms’ market power when firm entry is driven by entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the … Continue reading →