Publications

Publications

Filter Results : (1) Arrow Down

Show Results For

Covariance Restrictions Remove Covariance Restrictions →

Page 1 of 1 Result

Are you looking for?

→ Search All HBS Web
  • 2023
  • Working Paper

Estimating Models of Supply and Demand: Instruments and Covariance Restrictions
By: Alexander MacKay and Nathan H. Miller
We consider the identification of empirical models of supply and demand with imperfect competition. We show that a covariance restriction on unobserved demand and cost shocks resolves endogeneity and identifies the price parameter. We demonstrate how to employ...  View Details
Keywords: Demand Estimation; Identification; Endogeneity Bias; Covariance Restrictions; Ordinary Least Squares; Instrumental Variables; Price; Demand and Consumers; Competition
Related

Are you looking for?

→ Search All HBS Web