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.
- Language
-
Englisch
- Bibliographic citation
-
Series: cemmap working paper ; No. CWP08/10
- Classification
-
Wirtschaft
Multiple or Simultaneous Equation Models: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- Subject
-
Instrumental Variables
Structural Approaches
Marschak's Maxim
Schätztheorie
Bias
Instrumentalvariablen-Schätzmethode
- Event
-
Geistige Schöpfung
- (who)
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Heckman, James J.
Urzúa, Sergio
- Event
-
Veröffentlichung
- (who)
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Centre for Microdata Methods and Practice (cemmap)
- (where)
-
London
- (when)
-
2010
- DOI
-
doi:10.1920/wp.cem.2010.0810
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
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
- Heckman, James J.
- Urzúa, Sergio
- Centre for Microdata Methods and Practice (cemmap)
Time of origin
- 2010
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