Search Results - subject:"specification."

The Complexity of Economic Policy : I. Restricted Local Optima in Tax Policy Design

Saint-Paul, Gilles - 2021

Economists traditionally tackle normative problems by computing optimal policy, i.e. the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I...

Persistent link: https://www.econbiz.de/10013320563

Interactive modelling with agricultural stakeholders using Bayesian networks : Vortrag anlässlich der 61. Jahrestagung der GEWISOLA

Aurbacher, Joachim; Rabenau, Philipp - 2021

Persistent link: https://www.econbiz.de/10013383486

Robust Monetary Policy Under Model Uncertainty in a Small Model of the U.S. Economy

Onatski, Alexei; Stock, James H. - 2021

This paper examines monetary policy in Rudebusch and Svensson's (1999) two equation macroeconomic model when the policymaker recognizes that the model is an approximation and is uncertain about the quality of that approximation. It is argued that the minimax approach of robust control provides a...

Persistent link: https://www.econbiz.de/10013310544

Regression Discontinuity Inference with Specification Error

Lee, David S.; Card, David E. - 2021

regression function from a given approximating function -- the specification errors -- as random. Conventional standard errors … ignore the group structure induced by specification errors and tend to overstate the precision of the estimated program … impacts. The proposed inference procedure that allows for specification error also has a natural interpretation within a …

Persistent link: https://www.econbiz.de/10013313786

Qualität von Verkehrsnachfragemodellen

Pestel, Eric - 2021

Persistent link: https://www.econbiz.de/10013482914

Specification lasso and an application in financial markets

Dong, Chaohua; Li, Shaoran - 2021

Persistent link: https://www.econbiz.de/10013259415

Learning with heterogeneous misspecified models : characterization and robustness

Bohren, J. Aislinn; Hauser, Daniel - 2021 - Revised July 29, 2021

Persistent link: https://www.econbiz.de/10013206068

Robust model misspecification and paradigm shifts

Ba, Cuimin - 2021 - This version: June 23, 2021

Persistent link: https://www.econbiz.de/10013206118

Evolutionarily stable (mis)specifications : theory and applications

He, Kevin; Libgober, Jonathan - 2021 - This version: August 12, 2021

Persistent link: https://www.econbiz.de/10013206122

Common Sense and Simplicity in Empirical Industrial Organization

Pakes, Ariel - 2021

This paper is a revised version of a keynote address delivered at the inaugural International Industrial Organization Conference in Boston, April 2003. I argue that new econometric tools have facilitated the estimation of models with realistic theoretical underpinnings, and because of this, have...

Persistent link: https://www.econbiz.de/10013210671