English, Article, Journal or magazine article edition: Modeling Heterogeneity Arthur Lewbel

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Bookmark: http://trove.nla.gov.au/version/73096
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Modeling Heterogeneity
Author
  • Arthur Lewbel
Physical Description
  • preprint
Notes
  • My goal here is to provide some synthesis of recent results regarding unobserved heterogeneity in nonlinear and semiparametric models, using as a context Matzkin (2005a) and Browning and Carro (2005), which were the papers presented in the Modeling Heterogeneity session of the 2005 Econometric Society World Meetings in London. These papers themselves consist of enormously heterogeneous content, ranging from high theory to Danish milk, which I will attempt to homogenize. The overall theme of this literature is that, in models of individual economic agents, errors at least partly reflect unexplained heterogeneity in behavior, and hence in tastes, technologies, etc.,. Economic theory can imply restrictions on the structure of these errors, and in particular can generate nonadditive or nonseparable errors, which has profound implications for model specification, identification, estimation, and policy analysis.
  • unobserved heterogeneity, nonlinear models, semiparametric models
  • RePEc:boc:bocoec:650
Language
  • English
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