Transcription of STRUCTURAL ECONOMETRIC MODELING: RATIONALES AND …
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STRUCTURAL ECONOMETRIC MODELING: RATIONALES AND …
Chapter 64. STRUCTURAL ECONOMETRIC MODELING: RATIONALES AND EXAMPLES FROM industrial . ORGANIZATION. PETER C. REISS. Graduate School of Business, Stanford University, Stanford, CA 94305-5015, USA. e-mail: FRANK A. WOLAK. Department of Economics, Stanford University, Stanford, CA 94305-6072, USA. e-mail: Contents Abstract 4280. Keywords 4280. 1. Introduction 4281. 2. STRUCTURAL models defined 4282. 3. Constructing STRUCTURAL models 4285. Sources of structure 4285. Why add structure? 4288. Evaluating structure single equation models 4290. Evaluating structure simultaneous equation models 4293. The role of nonexperimental data in STRUCTURAL modeling 4301. 4. A framework for STRUCTURAL ECONOMETRIC models in IO 4303. The economic model 4304. The stochastic model 4304. Unobserved heterogeneity and agent uncertainty 4305. Optimization errors 4308. Measurement error 4311.
use our framework to evaluate several literatures in industrial organization economics, including the literatures dealing with market power, product differentiation, auctions, ... The founding members of the Cowles Commission defined econometrics as: ... production and consumer welfare. Moreover, it is also unclear how to perform out-of-
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