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In absence of randomized controlled experiments, identification is often aimed via instrumental variable (IV … design credible identification strategies, aforemost finding candidates for valid instruments. We discuss prominent IV …
Persistent link: https://www.econbiz.de/10011972484
Since identification, instrumental variables and variables exclusion, core concepts in econometrics, are entwined …, several questions arise: How is identification related to the existence of IVs? How are identification criteria related to …
Persistent link: https://www.econbiz.de/10011779245
In absence of randomized controlled experiments, identification is often aimed via instrumental variable (IV … design credible identification strategies, aforemost finding candidates for valid instruments. We discuss prominent IV …
Persistent link: https://www.econbiz.de/10011962295
In econometrics some nonparametric instrumental regression models and nonparametric demand models with endogeneity lead …
Persistent link: https://www.econbiz.de/10011392754
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Persistent link: https://www.econbiz.de/10013328102
Persistent link: https://www.econbiz.de/10011741997
Under treatment effect heterogeneity, an instrument identifies the instrument-specific local average treatment effect (LATE). If a regression model is estimated by the two-stage least squares (2SLS) using multiple instruments, then 2SLS is consistent for a weighted average of different LATEs. In...
Persistent link: https://www.econbiz.de/10013030149
This paper analyzes the problem of weak instruments on identification, estimation, and inference in a simple … nonparametric model of a triangular system. The paper derives a necessary and sufficient rank condition for identification, based on … which weak identification is established. Then nonparametric weak instruments are defined as a sequence of reduced …
Persistent link: https://www.econbiz.de/10012202234
The increasing availability of retail scanner data makes it possible to study consumer demand at more disaggregated …SLS) estimator and applies it to estimate a quadratic almost ideal demand (QUAID) system with 47 fruits and vegetables … with endogenous prices. Even for a large demand system, the I3SLS is shown to be computationally simple. Then we calculate …
Persistent link: https://www.econbiz.de/10014351378