Cambridge Working Papers in Economics (CWPE)
About this collection
Cambridge Working Papers in Economics (CWPE) is a new series of papers from the Faculty of Economics and the Department of Applied Economics. It supersedes the DAE Working Paper series.
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Please note the Working Papers often represent early stages in the presentation of research findings, and should not be quoted without permission.
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Recent Submissions
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Aggregating Elasticities: Intensive and Extensive Margins of Female Labour Supply
(Faculty of Economics, 2017-02-07)We estimate labour supply elasticities at the micro level and show what we can learn from possibly very heterogeneous elasticities for aggregate behaviour. We consider both intertemporal and intratemporal choices, and ... -
Experimentation and Learning-by-Doing
(Faculty of Economics, 2016-11-25)I consider a multi-armed bandit problem, where by experimenting with any arm an agent not only learns its payoffs, but also due to learning-by-doing becomes experienced at that arm. Experience provides an additional payoffs ... -
Corporate Debt Structure, Precautionary Savings, and Investment Dynamics
(Faculty of Economics, 2016-11-22)Micro-level evidence indicates that firms which substituted bank loans with bond issues during the Great Recession did not experience a large contraction in their total borrowing, but they have been hoarding more cash and ... -
A One-Covariate at a Time, Multiple Testing Approach to Variable Selection in High-Dimensional Linear Regression Models
(Faculty of Economics, 2016-12-16)Model specification and selection are recurring themes in econometric analysis. Both topics become considerably more complicated in the case of large-dimensional data sets where the set of specification possibilities can ...
