Definition: We say "model A nests model B" if every version of model B is a
special case of model A. This can be said of either structural (theoretical)
or estimated (econometric) models.
Example: Model B is "Nominal wage is an affine function of the age of the worker." Model A is "Nominal wage is an affine function of the age and education of the worker." Here model A nests model B. (Econterms)
Terms related to Nests:
None
About.Com Resources on Nests:
None
Writing a Term Paper? Here are a few starting points for research on Nests:
Books on Nests:
None
Journal Articles on Nests:
None
