Many modern estimation methods in econometrics approximate an objective function, for instance, through simulation or discretization. These approximations typically affect both bias and variance of the resulting estimator. We provide a higher-order expansion of such "approximate" estimators that...

In the last thirty years, much theoretical work has been expanded to draw the implications from the fact that agents use their private information strategically. However, only recently have the consequences been subjected to empirical testing. This paper aims at introducing the reader to this...