Handbook of Econometrics

Edited by

  • James Heckman, University of Chicago, IL, U.S.A.; University College Dublin, Ireland
  • Edward Leamer, University of California, Los Angeles, CA, USA

As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice behavior and social interactions. All of the essays in this volume and its companion volume 6B offer guidance to the practitioner on how to apply the methods they discuss to interpret economic data. The authors of the chapters are all leading scholars in the fields they survey and extend.
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Graduates, academics and professionals with an interest in econometrics


Book information

  • Published: December 2007
  • Imprint: NORTH-HOLLAND
  • ISBN: 978-0-444-50631-3

Table of Contents

PrefaceJames J. HeckmanPART 14: Econometric Models for Preferences and PricingNonparametric Approaches to AuctionsSusan Athey and Philip HaileIntertemporal Substitution and Risk AversionLars Hansen , John Heaton, Nikolai Roussanov and Junghoon LeeA Practitioner's Approach to Estimating Intertemporal Relationships Using Longitudinal Data: Lessons from Applications in Wage DynamicsThomas MaCurdyPART 15: The Econometrics of Industrial OrganizationEconometric Tools for Analyzing Market Outcomes Daniel Ackerberg, Lanier Benkard, Steven Berry and Ariel PakesStructural Econometric Modeling: Rationales and Examples from Industrial OrganizationPeter Reiss and Frank WolakMicroeconometric Models of Investment and EmploymentStephen Bond and John Van ReenenPART 16: Index Numbers and the Econometrics of TradeThe Measurement of Productivity for Nations Erwin Diewert and Alice NakamuraLinking the Theory with the Data: That's the Core Problem of International EconomicsEdward LeamerPART 17: Models of Consumer and Worker ChoiceModels of Aggregate Economic Relationships that Account for Heterogeneity Richard Blundell and Thomas StokerEstimation and Specification in Labor Supply and Consumption ModelsRichard Blundell, Thomas MaCurdy, and Costas Meghir