Reference point dependence and specification bias
UNSPECIFIED. (1997) Reference point dependence and specification bias. ECONOMICS LETTERS, 55 (1). pp. 75-83. ISSN 0165-1765Full text not available from this repository.
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|
|Date:||15 August 1997|
|Number of Pages:||9|
|Page Range:||pp. 75-83|
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