How (Not) to Identify Demand Elasticities in Dynamic Asset Markets
收藏NBER2025-12-01 更新2025-12-13 收录
下载链接：
https://www.nber.org/papers/w34528
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资源简介：
We evaluate approaches to estimating demand elasticities in dynamic asset markets, both theoretically and empirically. We establish strict, necessary conditions that the dynamics of instrumented asset price variation must satisfy for valid identification. We illustrate these insights in a general
提供机构：
美国国家经济研究局
创建时间：
2025-12-01
