Arbeitspapier
Bias in Reduced-Form Estimates of Pass-through
We show that, in general, consistent estimates of cost pass-through are not obtained from reduced-form regressions of price on cost. We derive a formal approximation for the bias that arises even under standard orthogonality conditions. We provide guidance on the conditions under which bias may frustrate inference.
- Language
-
Englisch
- Bibliographic citation
-
Series: EAG Discussion Paper ; No. EAG 14-1
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
MacKay, Alexander
Miller, Nathan H.
Remer, Marc
Sheu, Gloria
- Event
-
Veröffentlichung
- (who)
-
U.S. Department of Justice, Antitrust Division, Economic Analysis Group (EAG)
- (where)
-
Washington, DC
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- MacKay, Alexander
- Miller, Nathan H.
- Remer, Marc
- Sheu, Gloria
- U.S. Department of Justice, Antitrust Division, Economic Analysis Group (EAG)
Time of origin
- 2014
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