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This paper explores semi-monotonicity constraints in the distribution of potential outcomes, first, conditional on an instrument, and second, in terms of the response function. The imposed assumptions are strictly weaker than traditional instrumental variables assumptions and can be gainfully...
Persistent link: https://www.econbiz.de/10008695614
The credibility of standard instrumental variables assumptions is often under dispute. This paper imposes weak monotonicity in order to gain information on counterfactual outcomes, but avoids independence or exclusion restrictions. The outcome process is assumed to be sequentially ordered,...
Persistent link: https://www.econbiz.de/10008695625
cumulated trading volumes. We introduce a flexible point-mass mixture distribution and develop a semiparametric specification …-Frequency Data ; Point-Mass Mixture ; Multiplicative Error Model ; Excess Zeros ; Semiparametric Specification Test ; Market …
Persistent link: https://www.econbiz.de/10009308298
pointmass mixture distribution and develop a semiparametric specification test explicitly tailored for such distributions … ; Excess Zeros ; Semiparametric Specification Test ; Market Microstructure …
Persistent link: https://www.econbiz.de/10008748137
-mass mixture distribution and develop a semiparametric specification test explicitly tailored for such distributions. Moreover, we … ; semiparametric specification test ; market microstructure …
Persistent link: https://www.econbiz.de/10008749839
with endogenous regressors. I carefully distinguish between parametric and semi-parametric methods and analyze the …
Persistent link: https://www.econbiz.de/10002202971
nonparametric and semiparametric specifications …
Persistent link: https://www.econbiz.de/10012770897
to pay distribution using the proportional hazard specification in duration analysis. This semiparametric distribution …
Persistent link: https://www.econbiz.de/10014089487
This paper extends the identification results in Nevo and Rosen (2012) to nonparametric models. We derive nonparametric bounds on the average treatment effect when an imperfect instrument is available. As in Nevo and Rosen (2012), we assume that the correlation between the imperfect instrument...
Persistent link: https://www.econbiz.de/10014092605
In this article, we present new ideas concerning Non-Gaussian Component Analysis (NGCA). We use the structural assumption that a high-dimensional random vector X can be represented as a sum of two components - a lowdimensional signal S and a noise component N. We show that this assumption...
Persistent link: https://www.econbiz.de/10003973622