The Markup falsification Adaptative Set

Fuente: arXiv
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Main Authors: Acerenza, Santiago, Gandelman, Nestor
Format: Preprint
Published: 2026
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author Acerenza, Santiago
Gandelman, Nestor
author_facet Acerenza, Santiago
Gandelman, Nestor
contents In this paper we provide a constructive way for researchers to salvage the classic De Loecker and Warzynski (2012) markup recovery procedure when falsified. To do this, we consider continuous relaxations of the standard assumptions behind markup estimation. By computing the values of the markup as a function of the relaxations across the set of non-falsified models, we obtain an identified set for the markup which generalizes the standard baseline markup estimand to account for possible falsification without the need to impose additional assumptions. We illustrate our results using Chilean data from Raval (2023).
format Preprint
id arxiv_https___arxiv_org_abs_2605_30493
institution arXiv
publishDate 2026
record_format arxiv
spellingShingle The Markup falsification Adaptative Set
Acerenza, Santiago
Gandelman, Nestor
Econometrics
In this paper we provide a constructive way for researchers to salvage the classic De Loecker and Warzynski (2012) markup recovery procedure when falsified. To do this, we consider continuous relaxations of the standard assumptions behind markup estimation. By computing the values of the markup as a function of the relaxations across the set of non-falsified models, we obtain an identified set for the markup which generalizes the standard baseline markup estimand to account for possible falsification without the need to impose additional assumptions. We illustrate our results using Chilean data from Raval (2023).
title The Markup falsification Adaptative Set
topic Econometrics
url https://arxiv.org/abs/2605.30493