. Ordinary least squares, two-stage squares and the NISE estimator are applied to three data sets involving equations from microeconomics macroeconomics. The focus is on simultaneity bias in linear ability of other estimators mitigate bias.

A neoclassical microeconomics is one of social science’s success stories, a growing body of experimental and empirical research has documented substantial deviations from its core behavioral assumptions and predictions (Selten 1990, 1998; Thaler 1992; Rabin 1998; Frederick, Loewenstein, and O’Donoghue 2002; Camerer 2003; Sobel 2005; DellaVigna 2009; Armstrong and Huck 2010; Crawford, Costa-Gome...

This paper considers the nonparametric regression model with an additive error that is dependent on the explanatory variables. As is common in empirical studies in epidemiology and economics, it also supposes that valid instrumental variables are observed. A classical example in microeconomics considers the consumer demand function as a function of the price of goods and the income, both variab...

Researchers have long recognized multiple ways of innovating. However, the expositions fail to connect microeconomics production sets real-world institutional variety required build technological capabilities and innovate. This paper argues for explicit attention in heuristics used innovation policy practice, analyses three such heuristics. While some types social challenges can be addressed th...