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Estimation by Simulation.

The authors extend Daniel McFadden's (1989) method of simulated moments to approximating efficient estimators in general estimation problems. The general approach applies a simulated bias correction to an approximation of the efficient score. They discuss a general trade-off in estimator inefficiency between bias correction and moment approximation. Copyright 1994 by MIT Press.
Year of publication:
1994
Authors: McFadden, Daniel ; Ruud, Paul A
Published in:
The Review of Economics and Statistics. - MIT Press. - Vol. 76.1994, 4, p. 591-608
Publisher: MIT Press
Extent:
application/pdf
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10005692402
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