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and does not depend on the sampling schemes. It is based upon projection of simultaneous confidence bands for distribution …
Persistent link: https://www.econbiz.de/10011524697
and does not depend on the sampling schemes. It is based upon projection of simultaneous confidence bands for distribution …
Persistent link: https://www.econbiz.de/10011647471
This paper considers the first order large sample properties of the GEL class of estimators for models specified by non-smooth indicators. The GEL class includes a number of estimators recently introduced as alternatives to the efficient GMM estimator which may suffer from substantial biases in...
Persistent link: https://www.econbiz.de/10003739699
censored population. We then correct the derivative for the effects of the selection bias. We propose nonparametric and …
Persistent link: https://www.econbiz.de/10003739704
Persistent link: https://www.econbiz.de/10003434189
Persistent link: https://www.econbiz.de/10003428365
We consider the bias of the 2SLS estimator in the linear instrumental vari-ables regression with one endogenous … regressor only. By using asymptotic expansion techniques we approximate 2SLS coefficient estimation bias under various scenarios … regarding the number and strength of instruments.The resulting approximation encompasses existing bias approximations, which are …
Persistent link: https://www.econbiz.de/10003989911
This paper compares the economic questions addressed by instrumental variables estimators with those addressed by structural approaches. We discuss Marschak's Maxim: estimators should be selected on the basis of their ability to answer well-posed economic problems with minimal assumptions. A key...
Persistent link: https://www.econbiz.de/10003989921
Persistent link: https://www.econbiz.de/10003563522
Standard approaches to constructing nonparametric confidence bands for functions are frustrated by the impact of bias … overcome this problem it is common practice to either undersmooth, so as to reduce the impact of bias, or oversmooth, and … thereby introduce an explicit or implicit bias estimator. However, these approaches, and others based on nonstandard smoothing …
Persistent link: https://www.econbiz.de/10009554351