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Microeconomic models with latent variables : applications of measurement error models in empirical industrial organization and labor economics
Hu, Yingyao - 2015
This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10010469057
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Charters without lotteries : testing takeovers in New Orleans and Boston
Abdulkadiroğlu, Atila; Angrist, Joshua D.; Hull, Peter; … - 2015
Lottery estimates suggest oversubscribed urban charter schools boost student achievement markedly. But these estimates needn't capture treatment effects for students who haven't applied to charter schools or for students attending charters for which demand is weak. This paper reports estimates...
Persistent link: https://www.econbiz.de/10010510717
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The influence function of semiparametric estimators
Ichimura, Hidehiko; Newey, Whitney K. - 2017 - Revised January 2017
function of M and GMM-estimators. We apply the Gateaux derivative to derive the influence function with a first step …
Persistent link: https://www.econbiz.de/10011589040
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The influence function of semiparametric estimators
Ichimura, Hidehiko; Newey, Whitney K. - 2021
There are many economic parameters that depend on nonparametric first steps. Examples include games, dynamic discrete choice, average exact consumer surplus, and treatment effects. Often estimators of these parameters are asymptotically equivalent to a sample average of an object referred to as...
Persistent link: https://www.econbiz.de/10012595627
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The influence function of semiparametric estimators
Ichimura, Hidehiko; Newey, Whitney K. - In: Quantitative economics : QE ; journal of the … 13 (2022) 1, pp. 29-61
There are many economic parameters that depend on nonparametric first steps. Examples include games, dynamic discrete choice, average exact consumer surplus, and treatment effects. Often estimators of these parameters are asymptotically equivalent to a sample average of an object referred to as...
Persistent link: https://www.econbiz.de/10012807729
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Identifying demand elasticity via heteroscedasticity : a panel GMM approach to estimation and inference
Brasch, Thomas von; Raknerud, Arvid; Vigtel, Trond C. - 2024
This paper introduces a panel GMM framework for identifying and estimating demand elasticities via heteroscedasticity … suffers from inconsistency, inefficiency, and lacks a valid framework for inference. We develop a constrained GMM (C-GMM … the parameter space. A Monte Carlo study demonstrates the consistency of the C-GMM estimator and shows that it …
Persistent link: https://www.econbiz.de/10015073836
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Estimating a high-frequency New-Keynesian Phillips curve
Ahrens, Steffen; Sacht, Stephen - 2011
This paper estimates a high-frequency New Keynesian Phillips curve via the Generalized Method of Moments. Allowing for higher-thanusual frequencies strongly mitigates the well-known problems of smallsample biases and structural breaks. Applying a daily frequency allows us to obtain eventspecific...
Persistent link: https://www.econbiz.de/10010274428
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Does testing for coronavirus reduce deaths?
Razzak, Weshah A. - 2020
estimating a fixed-effect regression model using the Generalized Method of Moments (GMM). On average, the data reject the …
Persistent link: https://www.econbiz.de/10012437672
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Bandwidth Selection for Estimators of Time-Varying Stochastic Coefficient Models
Grivas, Charisios; Psaradakis, Zacharias - 2023
A recent strand of the literature has proposed stochastic time-varying coefficient models for modelling structural change in the macroeconomy under both exogeneity and endogeneity. Subsequently, a new class of kernel based non-parametric estimators has been introduced for these models. These...
Persistent link: https://www.econbiz.de/10014356833
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Estimating causal effects with observational data guidelines for agricultural and applied economists
Henningsen, Arne; Low, Guy; Wuepper, David; Dalhaus, Tobias - 2024
Most research questions in agricultural and applied economics are of a causal nature, i.e., how one or more variables (e.g., policies, prices, the weather) affect one or more other variables (e.g., the welfare of individuals or the society, the demanded or produced quantity, pollution). Only a...
Persistent link: https://www.econbiz.de/10015162983