Showing 1 - 10 of 74
In this paper, I develop a quasi empirical likelihood estimator that has good finite-sample properties when there are many moment conditions. I show that the quasi empirical likelihood estimator, which uses semiparametric efficient estimation, is an approximation to the empirical likelihood...
Persistent link: https://www.econbiz.de/10005130203
This paper analyzes conditions under which various k-class estimators are asymptotically normal in a simultaneous equations framework with many weak instruments. In particular, our paper extends the many instruments asymptotic normality results obtained by Morimune (1983), Bekker (1994), Angrist...
Persistent link: https://www.econbiz.de/10005329031
In this paper, we consider the network as an alternative trading environment to the market. The main distinctive feature of the network transaction is the dependence of buyers' purchasing behavior, which makes all consumers not equally valuable to a seller. We characterize the optimal behavior...
Persistent link: https://www.econbiz.de/10005702702
equilibrium implications of a structural economic matching model can be used to solve two important econometric identification … introduces a non-linearity into the system that is sufficient for identification …
Persistent link: https://www.econbiz.de/10005063696
This paper investigates how conditional quantiles of a given distribution relate to each other. Given two conditional quantiles estimated nonparametrically, we investigate their relation by linking them through a parametric transformation. Asymptotic normality of the associated parameter vector...
Persistent link: https://www.econbiz.de/10005699609
This paper estimates return to schooling for african and coloured women in South Africa. It compares parametric and semiparametric estimates of the sample selection model for the case of return to schooling. The parametric estimator is the one proposed by Heckman (1979) and the semiparametric...
Persistent link: https://www.econbiz.de/10005699575
State governments finance their expenditures with multiple tax instruments, so when collections from one source decline, they are typically compensated by greater revenues from other sources. This paper addresses the important question of the extent to which personal and corporate income taxes...
Persistent link: https://www.econbiz.de/10005129767
This paper proposes shrinkage methods in instrumental variable estimations to solve the ``many instruments'' problem. Even though using a large number of instruments reduces the asymptotic variances of the estimators, it has been observed both in theoretical works and in practice that in finite...
Persistent link: https://www.econbiz.de/10005342378
Instrumental Variables (IV) methods identify internally valid causal effects for individuals whose treatment status is manipulable by the instrument at hand. Inference for other populations inevitably requires some sort of homogeneity assumption. I develop a simple theoretical framework that...
Persistent link: https://www.econbiz.de/10005328944