Arbeitspapier
Comparing IV with structural models: What simple IV can and cannot identify
This paper compares the economic questions addressed by instrumental variables estimators with those addressed by structural approaches. We discuss Marschak's Maxim: estimators should be selected on the basis of their ability to answer well-posed economic problems with minimal assumptions. A key identifying assumption that allows structural methods to be more informative than IV can be tested with data and does not have to be imposed.
- Sprache
-
Englisch
- Erschienen in
-
Series: cemmap working paper ; No. CWP08/10
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- Thema
-
Instrumental Variables
Structural Approaches
Marschak's Maxim
Schätztheorie
Bias
Instrumentalvariablen-Schätzmethode
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Heckman, James J.
Urzúa, Sergio
- Ereignis
-
Veröffentlichung
- (wer)
-
Centre for Microdata Methods and Practice (cemmap)
- (wo)
-
London
- (wann)
-
2010
- DOI
-
doi:10.1920/wp.cem.2010.0810
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Heckman, James J.
- Urzúa, Sergio
- Centre for Microdata Methods and Practice (cemmap)
Entstanden
- 2010
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