quality differ substantially from the existing approaches to welfare estimation …

(prescribed, for instance, by the “broken windows” theory of crime) should not be credited with reducing the violent crime rate … for the estimation of many regression models, none of which is agreed upon as causal ex ante. …

overcome. Here we outline a simple, likelihood-based estimation approach for recovering the marginal willingness …

. As a result, estimation of the model using, say, the convenient OLS estimator is plagued by omitted-variables and …

maximize children’s expected outcomes and parents’ utility. We apply the method of semiparametric maximum score estimation to …