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Let the data speak? : on the importance of theory-based instrumental variable estimations

Grossmann, Volker; Osikominu, Aderonke - 2019

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

Identification, instruments, omitted variables, and rudimentary models : fallacies in the "experimental approach" to econometrics

Biørn, Erik - 2017

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

Let the data speak? : on the importance of theory-based instrumental variable estimations

Grossmann, Volker; Osikominu, Aderonke - 2019

Persistent link: https://www.econbiz.de/10011962295

Convergence of the risk for nonparametric IV quantile regression and nonparametric IV regression with full independence

Dunker, Fabian - 2015

In econometrics some nonparametric instrumental regression models and nonparametric demand models with endogeneity lead …

Persistent link: https://www.econbiz.de/10011392754

Efficiency gains in least squares estimation : a new approach

Papadopoulos, Alecos; Tsionas, Efthymios G. - In: Econometric reviews 41 (2022) 1, pp. 51-74

Persistent link: https://www.econbiz.de/10013167581

The way the wind blows : tracing out the demand for Norwegian lobster using instrumental variables

Hammarlund, Cecilia; Blomquist, Johan; Waldo, Staffan - In: Marine resource economics 37 (2022) 3, pp. 263-282

Persistent link: https://www.econbiz.de/10013328102

Large market asymptotics for differentiated product demand estimators with economic models of supply

Armstrong, Timothy B. - In: Econometrica : journal of the Econometric Society, an … 84 (2016) 5, pp. 1961-1980

Persistent link: https://www.econbiz.de/10011741997

A Consistent Variance Estimator for 2SLS When Instruments Identify Different LATEs

Lee, Seojeong - 2015

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

Nonparametric estimation of triangular simultaneous equations models under weak identification

Han, Sukjin - In: Quantitative economics : QE ; journal of the … 11 (2020) 1, pp. 161-202

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

Inference with arbitrary clustering

Colella, Fabrizio; Lalive, Rafael; Sakalli, Seyhun Orcan; … - 2019

Analyses of spatial or network data are now very common. Nevertheless, statistical inference is challenging since unobserved heterogeneity can be correlated across neighboring observational units. We develop an estimator for the variance-covariance matrix (VCV) of OLS and 2SLS that allows for...

Persistent link: https://www.econbiz.de/10012102134