A comparison of testing and estimation of firm conduct

Lorenzo Magnolfi and Christopher Sullivan

Economics Letters, 2022, vol. 212, issue C

Abstract: Researchers both test and estimate structural models to learn firm conduct. As testing imposes candidate models suggested by economic theory, it is less demanding of the instruments. However, relative performance under misspecification depends on whether a candidate model approximates the truth.

Keywords: Firm conduct; Testing; Instruments; Misspecification (search for similar items in EconPapers)
JEL-codes: L2 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:212:y:2022:i:c:s0165176522000246

DOI: 10.1016/j.econlet.2022.110316

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