Deaner, Ben;
(2025)
The Trade-Off between Flexibility and Robustness
in Instrumental Variables Analysis.
The American Economic Review
, 115
(11)
pp. 3975-3998.
10.1257/aer.20231765.
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Abstract
In additive instrumental variables models, the robustness to some failure of instrumental validity or additive separability depends on the strength of a priori restrictions on the structural relationship between outcomes and treatments. I provide theoretical analysis of the problem, discuss the implications for empirical practice, and demonstrate with a numerical study calibrated on real-world data.
| Type: | Article |
|---|---|
| Title: | The Trade-Off between Flexibility and Robustness in Instrumental Variables Analysis |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1257/aer.20231765 |
| Publisher version: | https://doi.org/10.1257/aer.20231765 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10212017 |
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