The previous literature has shown that children who enter school at a more advanced age outperform their younger classmates on competency tests taken between kindergarten and Grade 10. This study analyzes whether these effects of school starting age continue into adulthood. Based on data on math and language test scores for adults in Germany, the identification of the long-term causal effects exploits ...
This paper illustrates how many partial equilibrium problems with oligopolistic supply can be cast as convex optimization problems rather than mixed complementarity problems as is the current method of choice in the literature. The convex objective can be constructed by adding an appropriate term to a social welfare maximization objective. Adding this Market Power Adjustment (MPA) term creates a convex ...
