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Full-Text Articles in Social and Behavioral Sciences
Network Competition And Team Chemistry In The Nba, William C. Horrace, Hyunseok Jung, Shane Sanders
Network Competition And Team Chemistry In The Nba, William C. Horrace, Hyunseok Jung, Shane Sanders
Center for Policy Research
We consider a heterogeneous social interaction model where agents interact with peers within their own network but also interact with agents across other (non-peer) networks. To address potential endogeneity in the networks, we assume that each network has a central planner who makes strategic network decisions based on observable and unobservable characteristics of the peers in her charge. The model forms a simultaneous equation system that can be estimated by Quasi-Maximum Likelihood. We apply a restricted version of our model to data on National Basketball Association games, where agents are players, networks are individual teams organized by coaches, and competition …
Structural Changes In Heterogeneous Panels With Endogenous Regressors, Badi Baltagi, Qu Feng, Chihwa Kao
Structural Changes In Heterogeneous Panels With Endogenous Regressors, Badi Baltagi, Qu Feng, Chihwa Kao
Center for Policy Research
This paper extends Pesaran (2006) common correlated e¤ects (CCE) by allowing for endogenous regressors in large heterogeneous panels with unknown common structural changes in slopes and error factor structure. Since endogenous regressors and structural breaks are often encountered in empirical studies with large panels, this extension makes the Pesaran’s (2006) CCE approach empirically more appealing. In addition to allowing for slope heterogeneity and cross-sectional dependence, we find that Pesaran’s CCE approach is also valid when dealing with unobservable factors in the presence of endogenous regressors and structural changes in slopes and error factor loadings. This is supported by Monte Carlo …