NISE Estimation of an Economic Model of Crime

• Tác giả: Eric Blankmeyer
• Ngôn ngữ: eng
• Ký hiệu phân loại: 364.2 Causes of crime and delinquency
• Thông tin xuất bản: 2020
• Bộ sưu tập: Báo, Tạp chí
• ID: 164096

Tóm tắt

An economic model of crime is used to explore the consistent estimation of a simultaneous linear equation without recourse to instrumental variables. A maximum-likelihood procedure (NISE) is introduced, and its results are compared to ordinary least squares and two-stage least squares. The paper is motivated by previous research on the crime model and by the well-known practical problem that valid instruments are frequently unavailable.