| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19486 |
| 来源ID | Working Paper 19486 |
| Accounting for Expectational and Structural Error in Binary Choice Problems: A Moment Inequality Approach | |
| Michael J. Dickstein; Eduardo Morales | |
| 发表日期 | 2013-09-26 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Many economic decisions involve a binary choice - for example, when consumers decide to purchase a good or when firms decide to enter a new market. In such settings, agents' choices often depend on imperfect expectations of the future payoffs from their decision (expectational error) as well as factors that the econometrician does not observe (structural error). In this paper, we show that expectational error, under an assumption of rational expectations, is a source of classical measurement error, and we propose a novel moment inequality estimator that accounts for both expectational error and structural error in a binary choice model. With simulated data and Chilean firm-level customs data, we illustrate the identifying power of our inequalities and show the biases that arise when one ignores either source of error. We use the customs data to estimate the fixed costs exporters face when entering a new market. |
| 主题 | Econometrics ; Estimation Methods ; International Economics ; Trade ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w19486 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577160 |
| 推荐引用方式 GB/T 7714 | Michael J. Dickstein,Eduardo Morales. Accounting for Expectational and Structural Error in Binary Choice Problems: A Moment Inequality Approach. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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