Bounds on a Slope from Size Restrictions on Economic Shocks / Marco Stenborg Petterson, David G. Seim, Jesse M. Shapiro.

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Petterson, Marco Stenborg

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w27556.Publication details: Cambridge, Mass. National Bureau of Economic Research 2020.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: We study the problem of learning about the effect of one market-level variable (e.g., price) on another (e.g., quantity) in the presence of shocks to unobservables (e.g., preferences). We show that economic intuitions about the plausible size of the shocks can be informative for the parameter of interest. We illustrate with applications to the grain market and the labor market.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w27556 (Browse shelf(Opens below))	Not For Loan

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July 2020.

We study the problem of learning about the effect of one market-level variable (e.g., price) on another (e.g., quantity) in the presence of shocks to unobservables (e.g., preferences). We show that economic intuitions about the plausible size of the shocks can be informative for the parameter of interest. We illustrate with applications to the grain market and the labor market.