Kédagni, Désiré; Li, Lixiong; Mourifié, Ismael - 2021
In many set identified models, it is difficult to obtain a tractable characterization of the identified set, therefore …, empirical works often construct confidence region based on an outer set of the identified set. Because an outer set is always a … superset of the identified set, this practice is often viewed as conservative yet valid. However, this paper shows that, when …