Australian School of Business > Schools

Mike Keane

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PhD Economics, Brown University
MA Economics, Brown University
BS Economics, Massachusetts Institute of Technology

Professor
ARC Federation Fellow

Phone:

+61 2 9385 3670 

Fax:

+61 2 9313 6337 

Room:

Room 467 

Address:

Australian School of Business building

Publications

  • Keane, M. (2010). Structural vs. Atheoretic Approaches to Econometrics, Keynote Address at the Duke Conference on Structural Models in Labor, Aging and Health, Sept. 17-19, 2005, Journal of Econometrics, forthcoming
  • Bernal, R. and M. Keane (2010). Quasi-Structural Estimation of a Model of Child Care Choices and Child Cognitive Ability Production, Journal of Econometrics, forthcoming
  • Keane, M. and K. Wolpin (2010). The Role of Labor and Marriage Markets, Preference Heterogeneity and the Welfare System in the Life-Cycle Decisions of Black, Hispanic and White Women, International Economic Review, forthcoming
  • Fiebig, D., M. Keane, J. Louviere and N. Wasi (2010). The Generalized Multinomial Logit Model: Accounting for Scale and Coefficient Heterogeneity, Marketing Science, forthcoming
  • Keane, M. and R. Sauer (2010). A Computationally Practical Simulation Estimation Algorithm for Dynamic Panel Data Models with Unobserved Endogenous State Variables, International Economic Review, forthcoming
  • Keane, M. (2010). A Structural Perspective on the Experimentalist School, Journal of Economic Perspectives, forthcoming
  • Keane, M., P. Todd and K. Wolpin (2010). Structural Estimation of Behavioral Models. Handbook of Labor Economics: Vol. 4, O. Ashenfelter and D. Card (eds.), Elsevier Science B.V., forthcoming
  • Keane, M. and K. Wolpin (2009). Applications of Discrete Dynamic Programming Models. Plenary Address to Society of Economic Dynamics, July 2007. Review of Economic Dynamics, January, 1-22
  • Ching, A., T. Erdem and M. Keane (2009). The Price Consideration Model of Brand Choice, Journal of Applied Econometrics, 24:3 (March/April), 393-420
  • Keane, M. (2009). Simulated Maximum Likelihood Estimation Based on First Order Conditions, International Economic Review, 50:2 (May), 627-675
  • Keane, M. and R. Sauer (2009). Classification Error in Dynamic Discrete Choice Models: Implications for Female Labor Supply Behavior, Econometrica, 77:3 (May), 975-991
  • Feinberg, S. and M. Keane (2009). Tariff Effects on MNC Decisions to Engage in Intra-Firm and Arms Length Trade, Canadian Journal of Economics, 42:3 (August) 900-929
  • Keane. M. and J. Roemer (2009). Assessing Policies to Equalize Opportunity Using a Dynamic Equilibrium Model of Educational and Occupational Choices, Journal of Public Economics, 93:7-8 (August), 879-898
  • Fang, H., M. Keane and D. Silverman (2008). Sources of Advantageous Selection: Evidence from the Medigap Insurance Market, Journal of Political Economy, 116:2 (April), p. 303-350. (Kenneth J. Arrow Award, 2008)
  • Erdem, T., M. Keane and B. Sun (2008). The Impact of Advertising on Consumer Price Sensitivity in Experience Goods Markets, Quantitative Marketing and Economics, 6:2 (June), p. 139-176
  • Erdem, T., M. Keane and B. Sun (2008). A Dynamic Model of Brand Choice when Price and Advertising Signal Product Quality, Marketing Science, 27:6 (November/December), 1111-25
  • Geweke, J. and M. Keane (2007). Smoothly Mixing Regressions, Journal of Econometrics, 138:1 (May), p. 291-311
  • Fang, H., M. Keane, A. Khwaja, M. Salm and D. Silverman (2007). Testing the Mechanisms of Structural Models: The Case of the Mickey Mantle Effect, American Economic Review, 97:2 (May), p. 53-59
  • Keane M. and K. Wolpin (2007). Exploring the Usefulness of a Non-Random Holdout Sample for Model Validation: Welfare Effects on Female Behavior, International Economic Review, 48:4 (November), p. 1351-78
  • Keane, M. and S. Feinberg (2007). Advances in Logistics and the Growth of Intra-Firm Trade: The Case of Canadian Affiliates of U.S. Multinationals 1984- 1995, Journal of Industrial Economics, 55:4 (December), p. 571-632
  • Keane, M and E. Prasad (2006). Changes in the Structure of Earnings During the Polish Transition, Journal of Development Economics, 80:2, p. 389-427
  • Feinberg, S. and M. Keane (2006). Accounting for the Growth of MNC-Based Trade using a Structural Model of US MNCs, American Economic Review, 96:5, 1515-58
  • Geweke, J. and M. Keane (2006). Bayesian Cross-Sectional Analysis of the Conditional Distribution of Earnings of Men in the United States, 1967-1996, in Bayesian Statistics and its Applications, S.K. Upadhyay, U. Singh and D.K.Dey (eds.), Anamaya: New Delhi, p. 160-197
  • Bognanno, M., D. Yang and M. Keane (2005). The Influence of Wages and Industrial Relations Environments on the Production Location Decisions of US Multinational Corporations. Industrial and Labor Relations Review, 58:2, p.171-200
  • Dieremeier, D., Keane M. and A. Merlo (2005). A Political Economy Model of Congressional Careers. American Economic Review, 95:1 (March), p. 347-373
  • Keane, M. (2005). Econometric Challenges in Estimating FDI Spillover Effects on Productivity, Does Foreign Direct Investment Promote Development?, Moran, Graham and Blomstrom (eds.), Institute for International Economics, Washington DC, p. 179-191
  • Feinberg, S. and M. Keane (2005). The Intra-firm Trade of US MNCs: Findings and Implications for Models and Policies Towards Trade and Investment, Does Foreign Direct Investment Promote Development?, Moran, Graham and Blomstrom (eds.), Institute for International Economics, Washington DC, p. 245-271
  • Bechara, A., D. Houser, M. Keane, K. McCabe and V. Smith (2005). Identifying Individual Differences: An Algorithm with Application to Phineas Gage, Games and Economic Behavior, 52:2 (August), p. 373-385
  • Erdem, T., M. Keane, S. Oncu and J. Strebel (2005). Learning About Computers: An Analysis of Information Search and Technology Choice, Quantitative Marketing and Economics, 3:3, p. 207-246
  • Imai, S. and M. Keane (2004). Intertemporal Labor Supply and Human Capital Accumulation. International Economic Review, 45:2, 601-642
  • Houser, D., M. Keane and K. McCabe (2004). Behavior in a Dynamic Decision Problem: An Analysis of Experimental Evidence Using a Bayesian Type Classification Algorithm. Econometrica, 72:3, 781-822
  • Fang, H. and M. Keane (2004). Assessing the Impact of Welfare Reform on Single Mothers. Brookings Papers on Economic Activity, Vol. 1, p. 1-116
  • Keane, M. and E. Prasad (2003). Social Transfers and Inequality During the Economic Transition in Poland, Growth and Inequality: Issues and Policy Implications, Eicher and Turnovsky (eds.), MIT Press, p. 121-153
  • Erdem, T., Imai, S. and M. Keane (2003). Brand and Quantity Choice Dynamics under Price Uncertainty. Quantitative Marketing and Economics, 1:1, 5-64
  • Keane, M. and K. Wolpin (2002). Estimating Welfare Effects Consistent with Forward Looking Behavior, Part I: Lessons from a Simulation Exercise. Journal of Human Resources, 37:3, 570-599
  • Keane, M. and K. Wolpin (2002). Estimating Welfare Effects Consistent with Forward Looking Behavior, Part II: Empirical Results. Journal of Human Resources, 37:3, 600-622
  • Keane, M. And E. Prasad (2002). Inequality, Transfers and Growth: New Evidence from the Economic Transition in Poland. Review of Economics and Statistics, 84:2, 324-341
  • Keane, M. (2002). Financial Aid, Borrowing Constraints and College Attendance: Evidence from Structural Estimates. American Economic Review (Papers and Proceedings), 92:2, 293-297
  • Feinberg, S. and M. Keane (2001). US-Canada Trade Liberalization and MNC Production Location. Review of Economics and Statistics, 83:1, 118-132
  • Keane, M. and K. Wolpin (2001). The Effect of Parental Transfers and Borrowing Constraints on Educational Attainment. International Economic Review, 42:4, 1051-1103
  • Geweke, J. and M. Keane (2001). Computationally Intensive Methods for Integration in Econometrics. Handbook of Econometrics: Vol. 5, J.J. Heckman and E.E. Leamer (eds.), Elsevier Science B.V., 3463-3568
  • Keane, M. and E. Prasad (2001). Consumption and Income Inequality During the Transition to a Market Economy: Poland, 1985-1992. IMF Staff Papers, Annual Research Conference Special Issue, 121-154
  • Geweke, J. and M. Keane (2000). Bayesian Inference for Dynamic Discrete Choice Models without the Need for Dynamic Programming. Simulation Based Inference and Econometrics: Methods and Applications, Mariano, Schuermann and Weeks (eds.), Cambridge University Press, 100-131. (Also available as Federal Reserve Bank of Minneapolis WP # 564, January 1996)
  • Geweke, J. and M. Keane (2000). An Empirical Analysis of Male Income Dynamics in the PSID: 1968-1989. Journal of Econometrics, 96: 293-356
  • Keane, M. and K. Wolpin (2000). Equalizing Race Differences in School Attainment and Labor Market Success. Journal of Labor Economics, 18:4, 614-52
  • Geweke, J., Houser, D. and M. Keane (2000). Simulation Based Inference for Dynamic Multinomial Choice Models. Companion in Theoretical Econometrics, Baltagi (ed.), Basil Blackwell, 466-493

 

Work in progress

 

  • 'Generalized Indirect Inference for Discrete Choice Models.' Joint with Tony Smith (Yale)
  • 'An Analysis of Earnings Inequality and Earnings Mobility.' Joint with John Geweke (UTS)
  • 'Hospital Waiting Times and the Demand for Private Health Insurance.' Joint with Elizabeth Savage (UTS), Olena Stavrunova (UTS) and Glenn Jones (Macquarie)
  • 'A Structural Model of Child Care Use Decisions and Child Cognitive Development.' Joint with Raquel Bernal (Universidad de los Andes)
  • 'The Effect of Daily Time Allocation to Child Cognitive Outcomes.' Joint with Mario Fiorini
  • 'The Mixed Mixed Logit Model.' Joint with Nada Wasi (UTS)
  • 'Modeling Consumer use of Product Configurators.' Joint with Kazuko Kano (UTS)
  • 'What Have We Learned from Learning Models?.' Joint with Andrew Ching and Tulin Erdem
  • 'How Much Do Consumers Know About the Quality of Products? Evidence from the Diaper Market.' Joint with Andrew Ching and Tulin Erdem
  • 'Labor Supply and Taxes: A Survey.' 'A Survey of the Literature on Labor Supply Elasticities.' Joint with Richard Rogerson (ASU)

 

 

Research interests

  • Labor economics
  • Empirical microeconomics
  • Econometrics
  • Consumer choice behavior
  • Marketing

Research grants

  • 2009-2013: Australian Research Council Discovery Grant, 'How the Allocation of Children's Time Affects Cognitive and Non-Cognitive Development'
  • 2009-2011: Australian Research Council Discovery Grant, 'The Effect of Hospital Waiting Times on Demand for Private Health Insurance'
  • 2007-2010: Australian Research Council Discovery Grant, 'Effects of Maternal Work, Day Care Use and Other Investments in Children on Child Cognitive Outcomes'
  • 2006-2007: Australian Research Council Discovery Grant, 'Modeling Health Insurance Choices and the Design of Health Insurance Markets'
  • 2000-2003: National Institutes of Health, 'An Analysis of Earnings Inequality and Earnings Mobility', with John Geweke
  • 1998-2000: National Council for Eastern European and Eurasian Research, 'Consumption in Poland During Economic Transition', with Eswar Prasad
  • 1998-2001: National Science Foundation, 'Consumer learning about Quality and its Role in Consumer Choice', with Tulin Erdem
  • 1998-2001: National Science Foundation, 'A Political Economy Model of Congressional Careers', with Antonio Merlo
  • 1995-1997: National Science Foundation, 'Theoretical and Empirical Issues in Consumer Decision Making', with Tulin Erdem
  • 1995-1997: U.S. Department Labor, Bureau of Labor Statistics, contract to Battelle Memorial Institute, SGA 94-04 'An Examination of School to Work Transitions in the NLSY', with Ken Wolpin
  • 1992-1995: National Institutes of Health, 'The Career Decisions of Young Men', with Ken Wolpin
  • 1994-1995: Institute for Research on Poverty, 'The Dynamics of Earnings and Poverty', with John Geweke
  • 1995-1999: National Institutes of Health, 'Public Welfare and Life Cycle Decisions of Young Women', with Ken Wolpin

 Courses taught

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