Econometrics

New submissions

• New submissions
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New submissions for Mon, 13 May 24

[1]  arXiv:2405.06156 [pdf, other]

Title: A Sharp Test for the Judge Leniency Design

Authors: Mohamed Coulibaly, Yu-Chin Hsu, Ismael Mourifié, Yuanyuan Wan

Subjects: Econometrics (econ.EM)

We propose a new specification test to assess the validity of the judge leniency design. We characterize a set of sharp testable implications, which exploit all the relevant information in the observed data distribution to detect violations of the judge leniency design assumptions. The proposed sharp test is asymptotically valid and consistent and will not make discordant recommendations. When the judge's leniency design assumptions are rejected, we propose a way to salvage the model using partial monotonicity and exclusion assumptions, under which a variant of the Local Instrumental Variable (LIV) estimand can recover the Marginal Treatment Effect. Simulation studies show our test outperforms existing non-sharp tests by significant margins. We apply our test to assess the validity of the judge leniency design using data from Stevenson (2018), and it rejects the validity for three crime categories: robbery, drug selling, and drug possession.

Replacements for Mon, 13 May 24

[2]  arXiv:2311.14032 (replaced) [pdf, other]

Title: Counterfactual Sensitivity in Quantitative Trade and Spatial Models

Authors: Bas Sanders

Comments: 42 pages, 9 figures

Subjects: Econometrics (econ.EM)

[3]  arXiv:2312.16214 (replaced) [pdf, ps, other]

Title: Stochastic Equilibrium the Lucas Critique and Keynesian Economics

Authors: David Staines

Comments: (Minor Edits) 139 pages (Main Text) + 84 (Supplementary Materials)

Subjects: Theoretical Economics (econ.TH); Econometrics (econ.EM); Algebraic Topology (math.AT); General Topology (math.GN); Probability (math.PR)

• New submissions
• Replacements