My dissertation consists of two chapters that empirically study policy-related questions in applied microeconomics by using structural econometric modeling developed in industrial organization. In the first chapter, I study the welfare effects of a cap-and-trade program. I develop an equilibrium framework that incorporates forward-looking behavior and transaction costs. In the...
This dissertation contains three essays that look at competition, entry and capacity spectrum investment of wireless telecommunication firms in the U.S. The first two essays (Chapters 1-2) examine wireless firm's entry decision while the final essay studies their investment behavior.
The first essay examines how wireless firm compete against each...
Both individual and institutional investors face a number of constraints in their consumption and investment decisions. We look at well-motivated constraints on the consumption process as well as liquidity constraints and study their impact on optimal consumption and investment policies under a dynamic discrete time setting.