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Edited By James Heckman, University of Chicago, IL, U.S.A.; University College Dublin, Ireland Edward Leamer, University of California, Los Angeles, CA, USA
Description 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.
Audience
Graduates, academics and professionals with an interest in econometrics
Contents Preface
James J. Heckman
PART 14: Econometric Models for Preferences and Pricing
Nonparametric Approaches to Auctions
Susan Athey and Philip Haile
Intertemporal Substitution and Risk Aversion
Lars Hansen , John Heaton, Nikolai Roussanov and Junghoon
Lee
A Practitioner's Approach to Estimating Intertemporal Relationships Using Longitudinal Data: Lessons from Applications in Wage Dynamics
Thomas MaCurdy
PART 15: The Econometrics of Industrial Organization
Econometric Tools for Analyzing Market Outcomes
Daniel Ackerberg, Lanier Benkard, Steven Berry and Ariel Pakes
Structural Econometric Modeling: Rationales and Examples from Industrial
Organization
Peter Reiss and Frank Wolak
Microeconometric Models of Investment and Employment
Stephen Bond and John Van Reenen
PART
16: Index Numbers and the Econometrics of Trade
The Measurement of Productivity for Nations
Erwin Diewert and Alice Nakamura
Linking the Theory with the Data: That's the Core Problem of International Economics
Edward Leamer
PART 17: Models of Consumer
and Worker Choice
Models of Aggregate Economic Relationships that Account for Heterogeneity
Richard Blundell and Thomas Stoker
Estimation and Specification in Labor Supply and Consumption Models
Richard Blundell, Thomas MaCurdy, and Costas Meghir
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