This paper develops and implements a GMM estimator for latent class models suitable for count data. The estimator uses conditional moment restrictions derived from standard count models. Both the efficient and consistent variants are considered. The implementation of optimal GMM based on...

Two-sided exchange networks (such as eBay.com) often advertise their number of users, presumably to encourage further participation. However, these networks differ markedly on how they advertise their user base. Some highlight the number of sellers, some emphasize the number of buyers, and...

Despite warnings against inferring causality from observed correlations or statistical dependence, some articles do. Observed correlation is neither necessary nor sufficient to infer causality as defined by the term's everyday usage. For example, a deterministic causal process creates...