Suppose that you plan to buy a car and want to know whether a General Motors car

Question:

Suppose that you plan to buy a car and want to know whether a General Motors car is more reliable than a Ford. One way to find out is to ask owners of both cars how often their cars go into the shop for repairs. Another way is to visit the factory producing the cars and see which one is built better. Which procedure will provide reduced-form evidence and which structural model evidence?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: