Arbeitspapier
Bounds with Imperfect Instruments: Leveraging the Implicit Assumption of Intransitivity in Correlations
Instrumental variables (IV) is an indispensable tool for establishing causal relationships between variables. Recent work has focused on improving bounds for cases when an ideal instrument does not exist. We leverage a principle, "Intransitivity in Correlations," related to an under-utilized property from the statistics literature. From this principle, it is straightforward to obtain new bounds. We argue that these new theoretical bounds become increasingly useful as instruments become increasingly weak or invalid.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 10646
- Classification
-
Wirtschaft
Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation
- Subject
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instrumental variables
bounding
partial identification
transitivity in correlations
- Event
-
Geistige Schöpfung
- (who)
-
Wiseman, Nathan
Sorensen, Todd A.
- Event
-
Veröffentlichung
- (who)
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Institute of Labor Economics (IZA)
- (where)
-
Bonn
- (when)
-
2017
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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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
- Wiseman, Nathan
- Sorensen, Todd A.
- Institute of Labor Economics (IZA)
Time of origin
- 2017
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