Skip to content

Structural estimation

References:

Manski, Charles F. 1977. β€œThe Structure of Random Utility Models.” Theory and Decision 8(3): 229–54. doi:10.1007/BF00133443.

Structural vs. Reduced-form Approaches

Keane (2010):

The real distinction is that, in a structural approach, one's a priori assumptions about behavior must be laid out explicitly, while in an experimentalist approach, key assumptions are left implicit.

... interpretability is prior to identification.

References:

Keane, Michael P. 2010. β€œStructural vs. Atheoretic Approaches to Econometrics.” Journal of Econometrics 156(1): 3–20. doi:10.1016/j.jeconom.2009.09.003.