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This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge … which to examine the consistency of household level data and revealed preference theory. An application is made to a long … revealed preference theory is examined. For periods of consistency with revealed preference, tight bounds are placed on true …
Persistent link: https://www.econbiz.de/10011537533
This chapter reviews developments to improve on the poor performance of the standard GMM estimator for highly autoregressive panel series. It considers the use of the system GMM estimator that relies on relatively mild restrictions on the initial condition process. This system GMM estimator...
Persistent link: https://www.econbiz.de/10011537713
We consider the estimation of Cobb-Douglas production functions using panel data covering a large sample of companies observed for a small number of time periods. Standard GMM estimators, which eliminate unobserved firm-specific e¤ects by taking first differences, have been found to produce...
Persistent link: https://www.econbiz.de/10011538404
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