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unrestricted form, and the selection equation contains multiple unobservables that enter through a nonparametric random … identified. We can thus identify an average treatment effect, conditional on first stage unobservables called UCATE, which yields …0, Y1, given the unobservables. This allows to derive every treatment effect parameter, e.g. the distribution of …
Persistent link: https://www.econbiz.de/10010706319
This paper studies measuring the average effects of X on Y in a structural system with random coefficients and confounding. We do not require (conditionally) exogenous regressors or instruments. Using proxies W for the confounders U, we ask how do the average direct effects of U on Y compare in...
Persistent link: https://www.econbiz.de/10010595747
This paper explores the empirical content of the weak axiom of revealed preference (WARP) for repeated cross-sectional data or for panel data where individuals experience preference shocks. Specifically, in a heterogeneous population, think of the fraction of consumers violating WARP as the...
Persistent link: https://www.econbiz.de/10008506230
This paper demonstrates the extensive scope of an alternative to standard instrumental variables methods, namely covariate-based methods, for identifying and estimating effects of interest in general structural systems. As we show, commonly used econometric methods, specifically parametric,...
Persistent link: https://www.econbiz.de/10008518873