"Design-Based Estimation of Structural Parameters, with an Application to Demand" (with Peter Hull).
We develop and apply a general framework for using shocks from natural experiments to estimate key parameters in a class of structural models, via recentered instruments that exploit knowledge of the shock assignment process. This design-based identification approach imposes no restrictions on how model unobservables relate to predetermined variables, and yields a new class of optimal instruments. We show how instrument recentering relaxes strong assumptions in models of the demand for differentiated products.
Date:
13 June 2023, 16:00 (Tuesday, 8th week, Trinity 2023)
Venue:
Manor Road Building, Manor Road OX1 3UQ
Venue Details:
Room A or https://zoom.us/j/97439169282?pwd=N2dVdGVPQmpoMUp2NnRvY2ZLNTJ1dz09
Speaker:
Kirill Borusyak (UCL)
Organising department:
Department of Economics
Part of:
Applied Microeconomics Seminar
Booking required?:
Not required
Audience:
Members of the University only
Editors:
Emma Heritage,
Daria Ihnatenko
