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In this paper, we first revisit the Koenker and Bassett variational approach to (univariate) quantile regression, emphasizing its link with latent factor representations and correlation maximization problems. We then review the multivariate extension due to Carlier et al. (2016, 2017) which relates vector quantile regression to an optimal transport problem with mean independence constraints. We introduce an entropic regularization of this problem, implement a gradient descent numerical method and illustrate its feasibility on univariate and bivariate examples.
Optimal transport has become part of the standard quantitative economics toolbox. It is the framework of choice to describe models of matching with transfers, but beyond that, it allows to: extend quantile regression; identify discrete choice models;
A majority portion of the slum people is involved in service sectors. The city dwellers are somehow dependent on the services of those people. Pure drinking water and hygiene is a significant concern in the slums. Because of the lack of these two ite
This paper presents a model where intergenerational occupational mobility is the joint outcome of three main determinants: income incentives, equality of opportunity and changes in the composition of occupations. The model rationalizes the use of tra
Bitcoin as well as other cryptocurrencies are all plagued by the impact from bifurcation. Since the marginal cost of bifurcation is theoretically zero, it causes the coin holders to doubt on the existence of the coins intrinsic value. This paper sugg
In Australia and beyond, journalism is reportedly an industry in crisis, a crisis exacerbated by COVID-19. However, the evidence revealing the crisis is often anecdotal or limited in scope. In this unprecedented longitudinal research, we draw on data