Misaccounting for endogeneity: The peril of relying on the Heckman two-step method without a valid instrument
Research Summary: Strategy research addresses endogeneity by incorporating econometric techniques, including Heckman's two-step method. The economics literature theorizes regarding optimal usage of Heckman's method, emphasizing the valid exclusion condition necessary in the first stage. Ho...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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John Wiley and Sons Ltd
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |