Lecture

Estimation Methods: BLP and Control-Function

Description

This lecture covers the inconsistency in estimates due to endogeneity in models, introducing the instrumental variables method and the BLP and Control-Function estimation methods. It explains how these methods address endogeneity issues and ensure consistent estimates, providing examples and discussing their applications.

Official source

https://mediaspace.epfl.ch/media/0_jil7bxud

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Ontological neighbourhood

Statistics

Statistical inference: Mathematical statistics

Data collection: Statistical sampling

Data analysis: Regression analysis

Mathematics

Probability theory: Topics in probability theory

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