Estimation of Structural Optimization Models: A Note on Identification

Bajari, Benkard and Levin (2007) propose an estimation methodology for a broadclass of dynamic optimization problems. To carry out their procedure, one needs toselect a set of alternative policy functions and compare the implied expectedpayoffs with that from the data. We show that this can generally lead to objectivefunctions that are not capable of consistently estimating an identified model.

MoreLess

Year of publication:	2010-05
Authors:	Srisuma, Sorawoot
Institutions:	Suntory and Toyota International Centres for Economics and Related Disciplines, LSE
Subject:	Consistency \| Identification \| Optimization Models

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	STICERD - Econometrics Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008838729