arXiv 26 Jul 2023 · Econometrics
arXiv:2307.13966 · PDF · DOI · OpenAlex · Extracted main text
Can stated preferences help in counterfactual analyses of actual choice? This research proposes a novel approach to researchers who have access to both stated choices in hypothetical scenarios and actual choices. The key idea is to use probabilistic stated choices to identify the distribution of individual unobserved heterogeneity, even in the presence of measurement error. If this unobserved heterogeneity is the source of endogeneity, the researcher can correct for its influence in a demand function estimation using actual choices, and recover causal effects. Estimation is possible with an off-the-shelf Group Fixed Effects estimator.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Bonhomme, S., Lamadon, T., and Manresa, E (2022) Discretizing unobserved heterogeneity | 1.000 | 5 | 3 | 100% |
| 2 | Bernheim, B. D., Björkegren, D., Naecker, J., and Pollmann, M (2021) Causal inference from hypothetical evaluations | 0.874 | 5 | 2 | 100% |
| 3 | Briggs, J., Caplin, A., Leth-Petersen, S., Tonetti, C., and Violante… (2020) Estimating marginal treatment effects with survey instruments | 0.811 | 4 | 2 | 100% |
| 4 | Evdokimov, K (2010) Identification and estimation of a nonparametric panel data model with unobserved heterogeneity | 0.811 | 4 | 2 | 100% |
| 5 | Méango, R (2023) Identification of ex ante returns using elicited choice probabilities | 0.811 | 4 | 2 | 100% |
| 6 | Blass, A. A., Lach, S., and Manski, C. F (2010) Using elicited choice probabilities to estimate random utility models: Preferences for electricity reliability | 0.737 | 3 | 2 | 100% |
| 7 | Chernozhukov, V., Fernández-Val, I., and Melly, B (2013) Inference on counterfactual distributions | 0.644 | 2 | 2 | 100% |
| 8 | Kotlarski, I (1967) On characterizing the gamma and the normal distribution | 0.644 | 2 | 2 | 100% |
| 9 | Alms, I., Attanasio, O., and Jervis, P (2023) Economics and measurement: New measures to model decision making | 0.585 | 3 | 1 | 100% |
| 10 | Ameriks, J., Briggs, J., Caplin, A., Lee, M., Shapiro, M. D., and To… (2020) Older americans would work longer if jobs were flexible | 0.511 | 2 | 1 | 100% |
Showing the top 10 of 43 scored citations.
arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.
| Citing paper | Intensity | Mentions | Sections | |
|---|---|---|---|---|
| 1 | Just Ask Them Twice: Choice Probabilities and Identification of Ex ante returns and Willingness-To-Pay | 0.405 | 1 | 1 |