Showing 1 - 10 of 2,917
This paper provides inference methods for best linear approximations to functions which are known to lie within a band. It extends the partial identification literature by allowing the upper and lower functions defining the band to carry an index, and to be unknown but parametrically or...
Persistent link: https://www.econbiz.de/10012479546
We propose a conformant likelihood estimator with exogeneity restrictions (CLEER) for random coefficients discrete choice demand models that is applicable in a broad range of data settings. It combines the likelihoods of two mixed logit estimators--one for consumer level data, and one for...
Persistent link: https://www.econbiz.de/10015195043
The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...
Persistent link: https://www.econbiz.de/10012463186
with intra-group risk correlation, which is expected in natural test groupings based on proximity. Third, because optimal … groupings depend on uncertain risk and correlation, we show how better estimates from machine learning can drive large …
Persistent link: https://www.econbiz.de/10012481312
In this paper, I present a simple characterization of the sample selection bias problem that is also applicable to the conceptually distinct econometric problems that arise from truncated samples and from models with limited dependent variables. The problem of sample selection bias is fit within...
Persistent link: https://www.econbiz.de/10012478957
School systems regularly use student assessments for accountability purposes. But, as highlighted by our conceptual model, different configurations of assessment usage generate performance-conducive incentives of different strengths for different stakeholders in different school environments. We...
Persistent link: https://www.econbiz.de/10012452885
In this paper we study identification and estimation of a correlated random coefficients (CRC) panel data model. The …
Persistent link: https://www.econbiz.de/10012464178
We perform maximum likelihood estimation of a model of international asset pricing based on CAPM. We test the …
Persistent link: https://www.econbiz.de/10012476765
Data on human height can provide an index that may measure more accurately changes in the standard of living than the more conventional real wage index. Height data, like those on real wages, are relatively abundant and extend back to the seventeenth century. In a previous paper, we developed...
Persistent link: https://www.econbiz.de/10012477633
. Arbitrageurs learn about alphas from historical data. When alphas are weak and rare, estimation errors hinder arbitrageurs …
Persistent link: https://www.econbiz.de/10015094912