Plotting Geographic Densities in R

I show how (here) to create a heat map of the intensity of home purchases from 2000 to 2008 in Los Angeles County, CA using a random sample of 5000observations from the county deeds records. I build off of the code created by David Kahle for Hadley … [Continue reading]

Random Effects Decomposition

Motivation I work through the error components econometric model outlined in Amemiya (1985). I use Hayashi (2000) as a reference text. I work through this example because I use this model in my working paper with Chris Mayer on bubble identification … [Continue reading]

Hong and Stein (1999)

Information rotation.

1. Introduction I replicate main results from Hong and Stein (1999) which constructs an equilibrium model with under-reaction and momentum. First, I give a rough verbal explanation of the model's results. Then, I outline the basic mathematical … [Continue reading]