Journal
STATISTICAL SCIENCE
Volume 29, Issue 3, Pages 323-358Publisher
INST MATHEMATICAL STATISTICS
DOI: 10.1214/14-STS480
Keywords
Simultaneous equations models; randomized experiments; potential outcomes; noncompliance; selection models
Categories
Funding
- NSF [0820361, 0961707]
- Divn Of Social and Economic Sciences
- Direct For Social, Behav & Economic Scie [0961707, 0820361] Funding Source: National Science Foundation
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I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I discuss some of the older, economic, applications including supply and demand models and relate them to the recent applications in settings of randomized experiments with noncompliance. I discuss the assumptions underlying instrumental variables methods and in what settings these may be plausible. By providing context to the current applications, a better understanding of the applicability of these methods may arise.
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