Bounds on a Slope from Size Restrictions on Economic Shocks

Marco Stenborg Petterson, David Seim and Jesse Shapiro

American Economic Journal: Microeconomics, 2023, vol. 15, issue 3, 552-72

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 about the parameter of interest. We illustrate with a main application to the grain market.

JEL-codes: D83 E23 G13 Q11 (search for similar items in EconPapers)
Date: 2023
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Working Paper: Bounds on a Slope from Size Restrictions on Economic Shocks (2020)
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DOI: 10.1257/mic.20210365

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