An attempt is made to set rules for a fair and fruitful competition between alternative inference methods based on their performance in simulation experiments. This leads to a list of eight methodologic aspirations. Against their background we criticize aspects of many simulation studies that...

An attempt is made to set rules for a fair and fruitful competition between alternative inference methods based on their performance in simulation experiments. This leads to a list of eight methodologic aspirations. Against their background we criticize aspects of many simulation studies that...

While coping with nonsphericality of the disturbances, standard GMM suffers from a blind spot for exploiting the most effective instruments when these are obtained directly from unconditional rather than conditional moment assumptions. For instance, standard GMM counteracts that exogenous...

An attempt is made to set rules for a fair and fruitful competition between alternative inference methods based on their performance in simulation experiments. This leads to a list of eight methodologic aspirations. Against their background we criticize aspects of many simulation studies that...

While coping with nonsphericality of the disturbances, standard GMM suffers from a blind spot for exploiting the most e¤ective instruments when these are ob- tained directly from unconditional rather than conditional moment assumptions. For instance, standard GMM counteracts that exogenous...

This discussion paper has led to a publication in <A href="http://books.google.nl/books?id=_YdZrLu5MKEC&dq=allesintitel:+%22The+Refinement+of+Econometric+Estimation+and+Test+Procedures%22&lr=&source=gbs_navlinks_s"><B>The Refinement of Econometric Estimation and Test Procedures</B></A>.<P>An attempt is made to set rules for a fair and fruitful competition between alternative inference methods based on their performance in simulation experiments. This leads to a list of...</p></b></a>