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theory -- 3. Statistical verification of the laws of economic theory. …
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Econometric theory, as presented in textbooks and the econometric literature generally, is a somewhat disparate …
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In their IZA Discussion Paper 10247, Johansson and Lee claim that the main result (Proposition 3) in Abbring and Van den Berg (2003b) does not hold. We show that their claim is incorrect. At a certain point within their line of reasoning, they make a rather basic error while transforming one...
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