Instrumental Variables

Estimating Demand Systems with Unobserved Heterogeneity and Censoring: Evidence from Illicit Drug Markets in Colombia Under Submission
The response of illicit drug consumers to policy changes like legalization is mediated by demand behavior. Since individual drug use is …
Last updated on Jul 12, 2026 Econometrics, Applied Microeconomics, Bayesian, Limited Dependent Variables, Instrumental Variables
arXiv
Nonlinear Panel Data Methods for Multivariate Fractional Outcomes
This paper expands the applied researcher’s toolkit for dealing with nonlinear panel data models with unobserved heterogeneity …
Last updated on Jul 12, 2026 Econometrics, Applied Microeconomics, Bayesian, Limited Dependent Variables, Instrumental Variables
Welfare Gains of the Poor: An Endogenous Bayesian Approach with Spatial Random Effects
We introduce a Bayesian instrumental variable procedure with spatial random effects that handles endogeneity, and spatial dependence …
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