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We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical … strengths and weaknesses of the literature, and so indicate where further research may be warranted. We discuss identification …
Persistent link: https://www.econbiz.de/10014024584
Persistent link: https://www.econbiz.de/10011974728
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Many important economic questions arising in auctions can be answered only with knowledge of the underlying primitive … exploiting restrictions from economic theory as part of the econometric model used to interpret auction data. We review some … highlights of this recent literature, focusing on identification and empirical applications. We describe three insights that …
Persistent link: https://www.econbiz.de/10004990722
We develop a method that identifies the effects of nationwide policy, i.e., policy implemented across all regions at the same time. The core idea is to track outcome paths in terms of stages rather than time, where a stage of a regional outcome at time t is its location on the support of a...
Persistent link: https://www.econbiz.de/10015190837
Multivalued treatments are commonplace in applications. We explore the use of discrete-valued instruments to control for selection bias in this setting. Our discussion revolves around the concept of targeting: which instruments target which treatments. It allows us to establish conditions under...
Persistent link: https://www.econbiz.de/10015193977
control variables to correct for endogeneity, nonparametric identification of treatment effects requires strong support … conditions for identification of average treatment effects. A sufficient condition for identification is conditional …- and non-parametric identification into a common framework. …
Persistent link: https://www.econbiz.de/10015193989
This paper studies semiparametric versions of the classical sample selection model (Heckman (1976, 1979)) without exclusion restrictions. We extend the analysis in Honor'e and Hu (2020) by allowing for parameter heterogeneity and derive implications of this model. We also consider models that...
Persistent link: https://www.econbiz.de/10013479459
intergroup conflict. We test whether identification with one's vaccination status is associated with current societal … vaccination status identification (VSI) explains substantial variance in a range of polarizing attitudes and behaviors. VSI was …
Persistent link: https://www.econbiz.de/10013480175
The Credibility Revolution advances quantitative research designs intended to identify causal effects from observed data. The ensuing emphasis on internal validity however has enabled the neglect of construct and external validity. This article develops a framework we call causal specification....
Persistent link: https://www.econbiz.de/10013537578