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Author:Angrist, J. D.
Graddy, K.
Imbens, G. W.
Title:The interpretation of instrumental variables estimators in simultaneous equations models with an application to th demand for fish
Journal:Review of Economic Studies
2000 : JUL, VOL. 67:3(232), p. 499-527
Index terms:Fishing industry
Equations
Econometric models
Language:eng
Abstract:The authors investigate the consequences of relaxing both the linearity and the addivity assumption for the interpretation of linear instrumental variables estimators. A second contribution is the formulation of critical identifying assumptions in terms of demand and supply at different prices and instruments, rather than in terms of functional-form specific residuals.
SCIMA record nr: 212607
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