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The Observed Choice Problem in Estimating the Cost of Policies

Eric Bennett Rasmusen, Kelley School of Business, Indiana University

Abstract

A very short version of my Public Choice paper which makes the basic point that OLS estimation of the costs of deliberately chosen policies will be biased downwards.

Suggested Citation

Eric Bennett Rasmusen. "The Observed Choice Problem in Estimating the Cost of Policies" Economics Letters 61.1 (1998): 13-15.
Available at: http://works.bepress.com/rasmusen/58