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Many econometric models used in applied work integrate over unobserved heterogeneity. We show that a class of these models that includes many random coefficients demand systems can be approximated by a "small-o" expansion that yields a straightforward 2SLS estimator. We study in detail the...
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We show that a common regulatory mandate in electricity markets that use location-based pricing that requires all customers to purchase their wholesale electricity at the same quantity-weighted average of the locational prices can increase the performance of imperfectly competitive wholesale...
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Solar lanterns are promoted across rural sub-Saharan Africa to improve both lighting in homes and educational outcomes. We undertake a randomized controlled trial in Zimba District, Zambia, to evaluate whether solar lanterns help children study more effectively and improve academic performance....
Persistent link: https://www.econbiz.de/10011949877
Many econometric models used in applied work integrate over unobserved heterogeneity. We show that a class of these models that includes many random coefficients demand systems can be approximated by a "small-o" expansion that yields a straightforward 2SLS estimator. We study in detail the...
Persistent link: https://www.econbiz.de/10011924669
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