Petterson, Marco Stenborg
[Verfasser:in]
;
Seim, David G.
[Sonstige Person, Familie und Körperschaft];
Shapiro, Jesse M.
[Sonstige Person, Familie und Körperschaft]National Bureau of Economic Research
Bounds on a Slope from Size Restrictions on Economic Shocks
Erschienen:
Cambridge, Mass: National Bureau of Economic Research, 2020
Erschienen in:NBER working paper series ; no. w27556
Umfang:
1 Online-Ressource; illustrations (black and white)
Sprache:
Englisch
DOI:
10.3386/w27556
Identifikator:
Reproduktionsnotiz:
Hardcopy version available to institutional subscribers
Entstehung:
Anmerkungen:
System requirements: Adobe [Acrobat] Reader required for PDF files
Mode of access: World Wide Web
Beschreibung:
We study the problem of learning about the slope of a linear relationship between an outcome (e.g., quantity) and an input (e.g., price) when the outcome is subject to time-varying, unobserved economic shocks. We show that restrictions on the absolute magnitude of the economic shocks are informative for the value of the slope. We argue that such restrictions are reasonable in some economic situations. We illustrate with an application to the demand and supply of food grains. We consider extensions including to the case of a nonlinear relationship