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Introduction to the JBES Special Issue on Structural Estimation in Applied Microeconomics

Keane, Michael and Wolpin, Kenneth (1997): Introduction to the JBES Special Issue on Structural Estimation in Applied Microeconomics. Published in: Journal of Business and Economic Statistics , Vol. 2, No. 15 (April 1997): pp. 111-114.

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Abstract

In the introduction to the special issue, we discusses the important role of economic theory in drawing inferences about behavior from data. The papers in the special issue represent several different approaches to theory-based empirical analysis, ranging from "full solution" methods to the estimation of "approximate reduced-form decision rules." We contrast these various approaches to estimation.

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