weighted by quality?
Structural is dead
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^ What is structural finance? Clueless first year...examples?
Literally setting up a game for some interaction, calibrating it, and seeing what comes out. Look at half the stuff done by Whited, Brunnermeier, Pedersen, Gromb, Vayanos, Biais, and Foucault. It's not so different - except usually either a 2-period or infinite horizon model. In fact, half of market microstructure is structural: building some model for the game between buyer and seller.
I know Singleton at Stanford encourages students to do structural work. As strange as it might seem, "reduced form" can be a very negative description in finance. Having done both kinds of work, I find there is a slight bias in favor of reduced form work but that good structural work is very well received in some areas.
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Structural CF had a brief surge with Hennessy and Whited and is now in full retreat. Instead we get more people from econ PhDs who are well-trained in reduced form empirical micro (labor, development, public) dominating the field. Just look at who has been hired by the top-10 departments in the last five years or so. Essentially zero structural people and lots of people like Shue, Giroud, Koudijs, Bernstein, Suffi, etc.
Let me add that structural CF is a joke: Assuming endogeneity away is not a solution to endogeneity.