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Reference point dependence and specification bias
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UNSPECIFIED (1997) Reference point dependence and specification bias. ECONOMICS LETTERS, 55 (1). pp. 75-83.
Research output not available from this repository, contact author.Abstract
Issues of specification bias arise in deterministic as well as in econometric models, This paper shows that such biases depend on the reference point used to evaluate them using numerical general equilibrium models in which the incorporation of quality upgrading (in the competitive case) increases or reduces the welfare costs of trade barriers, depending upon whether a trade-distorted equilibrium or free trade is used as the reference point. (C) 1997 Elsevier Science S.A.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
| Journal or Publication Title: | ECONOMICS LETTERS | ||||
| Publisher: | ELSEVIER SCIENCE SA LAUSANNE | ||||
| ISSN: | 0165-1765 | ||||
| Official Date: | 15 August 1997 | ||||
| Dates: |
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| Volume: | 55 | ||||
| Number: | 1 | ||||
| Number of Pages: | 9 | ||||
| Page Range: | pp. 75-83 | ||||
| Publication Status: | Published |
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