Showing 1 - 10 of 137
The paper evaluates the usefulness of a nonparametric approach to Bayesian inference by presenting two applications. The approach is due to Ferguson (1973, 1974) and Rubin (1981). Our first application considers an educational choice problem. We focus on obtaining a predictive distribution for...
Persistent link: https://www.econbiz.de/10012473148
data analysis, economics, and management science. The system can be accessed nationwide by nonprofit organizations via the …
Persistent link: https://www.econbiz.de/10012479083
We propose a way to formalize the relationship between descriptive analysis and structural estimation. A researcher reports an estimate ĉ of a structural quantity of interest c that is valid under some models. The researcher also reports descriptive statistics γ̂ that estimate features γ of...
Persistent link: https://www.econbiz.de/10012480868
This paper develops an alternative approach to the widely used Difference-In-Difference (DID) method for evaluating the effects of policy changes. In contrast to the standard approach, we introduce a nonlinear model that permits changes over time in the effect of unobservables (e.g., there may...
Persistent link: https://www.econbiz.de/10012469574
This paper develops new econometric methods to infer hospital quality in a model with discrete dependent variables and non-random selection. Mortality rates in patient discharge records are widely used to infer hospital quality. However, hospital admission is not random and some hospitals may...
Persistent link: https://www.econbiz.de/10012470221
An important practical objective of empirical studies of treatment response is to provide decision makers with information useful in choosing treatments. Often the decision maker is a planner who must choose treatments for the members of a heterogeneous population; for example, a physician may...
Persistent link: https://www.econbiz.de/10012470745
economics applications: the impact of R&D subsidies, smoking prevention programs for youth, and the evaluation of HIV …
Persistent link: https://www.econbiz.de/10012471322
Most empirical papers in economics focus on two aspects of their results: whether the estimates are statistically …
Persistent link: https://www.econbiz.de/10012479196
Many empirical questions can be cast as inference on a parameter selected through optimization. For example, researchers may be interested in the effectiveness of the best policy found in a randomized trial, or the best-performing investment strategy based on historical data. Such settings give...
Persistent link: https://www.econbiz.de/10012479412
We study inference in shift-share regression designs, such as when a regional outcome is regressed on a weighted average of observed sectoral shocks, using regional sector shares as weights. We conduct a placebo exercise in which we estimate the effect of a shift-share regressor constructed with...
Persistent link: https://www.econbiz.de/10012480598