英文标题：
《Sharp Bounds in the Latent Index Selection Model》
---
作者：
Philip Marx
---
最新提交年份：
2020
---
分类信息：

一级分类：Economics 经济学
二级分类：Econometrics 计量经济学
分类描述：Econometric Theory, Micro-Econometrics, Macro-Econometrics, Empirical Content of Economic Relations discovered via New Methods, Methodological Aspects of the Application of Statistical Inference to Economic Data.
计量经济学理论，微观计量经济学，宏观计量经济学，通过新方法发现的经济关系的实证内容，统计推论应用于经济数据的方法论方面。
--

---
英文摘要：
A fundamental question underlying the literature on partial identification is: what can we learn about parameters that are relevant for policy but not necessarily point-identified by the exogenous variation we observe? This paper provides an answer in terms of sharp, closed-form characterizations and bounds for the latent index selection model, which defines a large class of policy-relevant treatment effects via its marginal treatment effect (MTE) function [Heckman and Vytlacil (1999,2005), Vytlacil (2002)]. The sharp bounds use the full content of identified marginal distributions, and closed-form expressions rely on the theory of stochastic orders. The proposed methods also make it possible to sharply incorporate new auxiliary assumptions on distributions into the latent index selection framework. Empirically, I apply the methods to study the effects of Medicaid on emergency room utilization in the Oregon Health Insurance Experiment, showing that the predictions from extrapolations based on a distribution assumption (rank similarity) differ substantively and consistently from existing extrapolations based on a parametric mean assumption (linearity). This underscores the value of utilizing the model\'s full empirical content.
---
PDF下载：
-->