Bounds on a Slope from Size Restrictions on Economic Shocks

• 成果类型: Article
• 署名作者: Petterson, Marco Stenborg; Seim, David; Shapiro, Jesse M.
• 署名单位: University of Naples Federico II; Centre for Economic Policy Research - UK; Uppsala University; Harvard University; National Bureau of Economic Research
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MICROECONOMICS
• ISSN/ISSBN: 1945-7669
• DOI: 10.1257/mic.20210365
• 发表日期: 2023
• 页码: 552-572
• 关键词: partial identification; sign restrictions; demand; elasticities; models; food

摘要

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 D83, E23, G13, Q11)