Book Reviews

Benjamin Williams of George Washington University reviews “Structural Econometric Models”, by Eugene Choo and Matthew Shum. The Econlit abstract of this book begins: “Twelve papers explore recent developments in the use of structural econometric models in empirical economics. Papers discuss Euler equations for the estimation of dynamic discrete choice structural models; approximating high-dimensional dynamic models—sieve value function iteration; identifying dynamic games with serially correlated unobservables; partial identification in two-sided matching models; identification of matching complementarities—a geometric viewpoint; comparative static and computational methods for an empirical one-to-one transferable utility matching model; a test for monotone comparative statics; estimating supermodular games using rationalizable strategies; estimation of the loan spread equation with endogenous bank-firm matching; the collective marriage matching model— identification, estimation, and testing; deflation in durable goods markets—an empirical model of the Tokyo condominium market; and a dynamic analysis of the U.S. cigarette market and antismoking policies. Choo is with the Department of Economics at the University of Calgary. Shum is with the Division of Humanities and Social Sciences at the California Institute of Technology.”