The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Sep, 2007, Volume 75, Issue 5
https://doi.org/10.1111/j.1468-0262.2007.00794.x
p. 1243-1284
Victor Chernozhukov, Han Hong, Elie Tamer
This paper develops a framework for performing estimation and inference in econometric models with partial identification, focusing particularly on models characterized by moment inequalities and equalities. Applications of this framework include the analysis of game‐theoretic models, revealed preference restrictions, regressions with missing and corrupted data, auction models, structural quantile regressions, and asset pricing models.
In the main text the true probability measure, P, is the nuisance parameter. In this supplementary material we examine which contiguous perturbations of the original fixed P preserve or do not preserve the estimation and coverage properties of the regions constructed in the main text. A useful feature of the local approach is that the conditions for the robustness of the estimation and coverage properties do not depend on the way the consistent critical values are generated (e.g. bootstrap or other means). The conditions are simple to check and apply to any consistent method of estimating a critical value.
In the main text the true probability measure, P, is the nuisance parameter. In this supplementary material we examine which contiguous perturbations of the original fixed P preserve or do not preserve the estimation and coverage properties of the regions constructed in the main text. A useful feature of the local approach is that the conditions for the robustness of the estimation and coverage properties do not depend on the way the consistent critical values are generated (e.g. bootstrap or other means). The conditions are simple to check and apply to any consistent method of estimating a critical value.
March 5, 2024
The terms of the Editors of the Econometric Society's three journals end June 30, 2025. We are pleased to announce the incoming Editors and to thank the outgoing Editors for their excellent and continuing service.
Econometrica: Since 2019, Guido Imbens has served as the 14th Editor of Econometrica. On July 1, 2025, Marina Halac will become the Editor.
Quantitative Economics: Stéphane Bonhomme has been the Editor of Quantitative Economics since 2021. His successor will be Bernard Salanié.
Theoretical Economics: The Editor of Theoretical Economics since 2021 has been Simon Board. Taking over for him in July 2025 will be Federico Echenique.
Guido, Stéphane, and Simon have been outstanding Editors. We are grateful to them for the work they have done and will continue to do, and we look forward to further congratulating them next year. We believe Marina, Bernard, and Federico will be outstanding successors and we thank them in advance for their service.
Finally, we are grateful to Larry Samuelson for chairing all three search committees, and we thank the search committee members for their hard and fruitful work:
Econometrica: Christian Dustmann, Lars Hansen, Alessandro Lizzeri, George Mailath, Ariel Pakes, Helene Rey, and Elie Tamer.
QE: Kate Ho, Michael Keane, Felix Kubler, Whitney Newey, and Frank Schorfheide.
TE: Jeff Ely, Johannes Horner, Gilat Levy, Meg Meyer, and Ran Spiegler.
