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Quasilinear‐mean regression

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  • Adam Gorajek

Abstract

Economists usually inform policymakers with conclusions that come from studying statistical expectations, or arithmetic means, of potential outcomes. I introduce other types of means to study, from the broader “quasilinear” family, and show that often they will better respect the needs of policymakers. The same logic reveals that a common bias correction from Goldberger and Kennedy is counterproductive because it implies a contradiction in policymaker needs. In making these arguments, I collate and build on many earlier contributions, which before now have been disjointed and spread across outlets for different research fields.

Suggested Citation

  • Adam Gorajek, 2022. "Quasilinear‐mean regression," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1288-1310, December.
  • Handle: RePEc:bla:jecsur:v:36:y:2022:i:5:p:1288-1310
    DOI: 10.1111/joes.12465
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