Endogeneity Testing in a Supply and Demand Framework.

A-Tier
Journal: Review of Economics and Statistics
Year: 1986
Volume: 68
Issue: 4
Pages: 638-46

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The powers of Wu-Hausman endogeneity tests are related to the normalization d ecision in estimating demand equations. Power is not invariant to the choice bet ween quantity and price as the dependent variable. A theoretical result due to N akamura and Nakamura_(1984) is used to explore the dependence of power on parame ters of the supply and demand system. The theoretical result is corroborated wit h a Monte Carlo experiment. The power results are used to analyze the U.S. deman d for poultry meat wherein price, but not quantity, is found to be predetermined Copyright 1986 by MIT Press.

Technical Details

RePEc Handle
repec:tpr:restat:v:68:y:1986:i:4:p:638-46
Journal Field
General
Author Count
1
Added to Database
2026-01-29