Showing 1 - 10 of 16
does not require the specification and estimation of the economic agent's information flows or the identification and …
Persistent link: https://www.econbiz.de/10011995485
due to the presence of unobserved characteristics. This paper studies the identification and estimation of such models. We …
Persistent link: https://www.econbiz.de/10011995501
We study nonparametric identification of single-agent discrete choice models for bundles (without requiring bundle …-specific prices) and of binary games of complete information. We show that these two models are quite similar from an identification …
Persistent link: https://www.econbiz.de/10011995509
This paper studies the identification and estimation of the decision rules that in- dividuals use to determine their … for point identification of the model. Then the model is estimated on data from an experiment involving two …
Persistent link: https://www.econbiz.de/10011995514
known the payoff function cannot be nonparametrically identified without any a priori restrictions. Our identification of … identification strategies are constructive. They lead to easy to compute estimands that are global solutions. We illustrate with a …
Persistent link: https://www.econbiz.de/10012215355
identification failure when the source of this identification failure is known. We examine models that may have a general deficient … rank Jacobian in certain parts of the parameter space. When identification fails in one of these models, it becomes … underidentified and the identification status of individual parameters is not generally straightforward to characterize. We provide a …
Persistent link: https://www.econbiz.de/10012215392
The dispersion of individual returns to experience, often referred to as heterogeneity of income profiles (HIP), is a key parameter in empirical human capital models, in studies of life-cycle income inequality, and in heterogeneous agent models of life-cycle labor market dynamics. It is commonly...
Persistent link: https://www.econbiz.de/10012215398
This paper introduces a new identification- and singularity-robust conditional quasi-likelihood ratio (SR-CQLR) test … and a new identification- and singularity-robust Anderson and Rubin (1949) (SR-AR) test for linear and nonlinear moment … functions. The SR-CQLR test is shown to be asymptotically efficient in a GMM sense under strong and semi-strong identification …
Persistent link: https://www.econbiz.de/10012215408
. We illustrate the empirical relevance of our results through testing identification in linear IV models that allows for …
Persistent link: https://www.econbiz.de/10012215410
, but not current utilities, as an intuitive source of information on time preferences. We study the identification of …. Consequently, in contrast to common intuition, an exclusion restriction does not in general give point identification. Finally, we …
Persistent link: https://www.econbiz.de/10012215423