Showing 1 - 10 of 10,291
endogeneity problem, a forefront of recent research is the development and application of endogeneity correction methods without … requiring instruments. In this article, we formulate the regressor endogeneity problem using a novel conditional copula … endogeneity model to capture the regressor-error dependence unexplained by exogenous regressors. The model relaxes the key …
Persistent link: https://www.econbiz.de/10015361483
We argue that the key impediment to accurate measurement of the effect of police on crime is not necessarily … simultaneity bias, but bias due to mismeasurement of police. Using a new panel data set on crime in medium to large U.S. cities … over 1960- 2010, we obtain measurement error corrected estimates of the police elasticity of the cost-weighted sum of …
Persistent link: https://www.econbiz.de/10012459847
between the racial composition of a city's police force and the racial patterns of arrests and crime. Increases in the number … police officers has a less clear-cut impact on crime rates. It appears that own-race policing may be more effective in … of minority police are associated with significant increases in arrests of whites, but have little impact on arrests of …
Persistent link: https://www.econbiz.de/10012472029
variables estimation, (d) stochastic frontiers, and (e) semi-parametric estimation. I compare the estimates directly and …
Persistent link: https://www.econbiz.de/10012468629
Let Y be an outcome of interest, X a vector of treatment measures, and W a vector of pre-treatment control variables. Here X may include (combinations of) continuous, discrete, and/or non-mutually exclusive "treatments". Consider the linear regression of Y onto X in a subpopulation homogenous in...
Persistent link: https://www.econbiz.de/10012480885
Researchers often test firm conduct models using pass-through regressions or instrumental variables (IV) methods. The former has limited applicability; the latter relies on potentially irrelevant instruments. We show the falsifiable restriction underlying the IV method generalizes the...
Persistent link: https://www.econbiz.de/10015056190
This paper studies the impact of adult prosecution on recidivism and employment trajectories for adolescent, first-time felony defendants. We use extensive linked Criminal Justice Admin- istrative Record System and socio-economic data from Wayne County, Michigan (Detroit). Using the discrete age...
Persistent link: https://www.econbiz.de/10014337757
The Random Utility Model (RUM) is a workhorse model for valuing new products or changes in public goods. But RUMs have been faulted along two lines. First, for including idiosyncratic errors that imply unreasonably high values for new alternatives and unrealistic substitution patterns. Second,...
Persistent link: https://www.econbiz.de/10015171628
Treatment effect estimates in regression discontinuity (RD) designs are often sensitive to the choice of bandwidth and polynomial order, the two important ingredients of widely used local regression methods. While Imbens and Kalyanaraman (2012) and Calonico, Cattaneo and Titiunik (2014) provide...
Persistent link: https://www.econbiz.de/10012481619
The returns to hedge funds and other alternative investments are often highly serially correlated in sharp contrast to the returns of more traditional investment vehicles such as long-only equity portfolios and mutual funds. In this paper, we explore several sources of such serial correlation...
Persistent link: https://www.econbiz.de/10012469129