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Full-Text Articles in Social and Behavioral Sciences
A Semi-Parametric Two-Stage Projection Type Estimator Of Multivalued Treatment Effects, Aurobindo Ghosh
A Semi-Parametric Two-Stage Projection Type Estimator Of Multivalued Treatment Effects, Aurobindo Ghosh
Research Collection School Of Economics
One of the most well documented regularities in evaluation literature like returns to schooling(or funding for programs) is that several factors come together to confound the measurement of its effect. First, in observational studies the true return is often individual specific, and so it is almost impossible to use a traditional treatment effect models with randomly assigned treatment and control groups. This endogeneity in the model further exacerbates our inability to conduct such trials. Second, the problem is not a classical treatment effect measurement problem where we have discrete or more often binary treatments. Hence, techniques like measuring the Local …
Implementation With Near Complete Information: The Case Of Subgame Perfection, Takashi Kunimoto, Olivier Tercieux
Implementation With Near Complete Information: The Case Of Subgame Perfection, Takashi Kunimoto, Olivier Tercieux
Research Collection School Of Economics
While monotonicity is a necessary and almost sufficient condition for Nash implementationand often a demanding one, almost any (non-monotonic, for instance) socialchoice rule can be implemented using undominated Nash or subgame perfect equilibrium.By requiring solution concepts to have closed graph in the limit of completeinformation, Chung and Ely (2003) show that only monotonic social choice rules canbe implemented in the closure of the undominated Nash equilibrium correspondence.In this paper, we show that only monotonic social choice rules can be implemented inthe closure of the subgame perfect equilibrium/sequential equilibrium correspondence.Our robustness result helps understand the limits of subgame pefect implementation,which is …
School Entry, Educational Attainment And Quarter Of Birth: A Cautionary Tale Of Late, Rashmi Barua, Kevin Lang
School Entry, Educational Attainment And Quarter Of Birth: A Cautionary Tale Of Late, Rashmi Barua, Kevin Lang
Research Collection School Of Economics
Partly in response to increased testing and accountability, states and districts have been raising the minimum school entry age, but existing studies show mixed results regarding the effects of entry age. These studies may be severely biased because they violate the monotonicity assumption needed for LATE. We propose an instrument not subject to this bias and show no effect on the educational attainment of children born in the fourth quarter of moving from a December 31 to an earlier cutoff. We then estimate a structural model of optimal entry age that reconciles the different IV estimates including ours. We find …