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Moment Inequalities and Their Application
Author(s) -
Pakes A.,
Porter J.,
Ho Kate,
Ishii Joy
Publication year - 2015
Publication title -
econometrica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 16.7
H-Index - 199
eISSN - 1468-0262
pISSN - 0012-9682
DOI - 10.3982/ecta6865
Subject(s) - inequality , inference , moment (physics) , basis (linear algebra) , mathematical optimization , computer science , mathematics , econometrics , mathematical economics , artificial intelligence , physics , mathematical analysis , classical mechanics , geometry
This paper provides conditions under which the inequality constraints generated by either single agent optimizing behavior or the best response condition of multiple agent problems can be used as a basis for estimation and inference. An application illustrates how the use of these inequality constraints can simplify the analysis of complex behavioral models.