信息经济学第02章不确定性、风险与信息讲课稿.pptVIP

Pooled data - mix of both elements e.g. profit rates for firms over a ten year period. e.g. profit (it) = f(conc, capital/labor ratio) Panel data - follow a household over time. Data can be quantitative - prices, income, money supply; or qualitative - male/female, married/unmarried. Lots of problems with data - may be variables you would like to get but cant, may be rounding errors, may be low response in surveys. Results of research are only as good as the data you use. But have to try. Always state sources of data used, definitions, limitations, assumptions used, so your results can be in