Semiparametric information bound of dynamic discrete choice models

We develop a simulation based approach that can determine whether the semiparametric efficiency bound of a dynamic discrete choice model with fixed effects is zero or not. We illustrate the usefulness of our approach by considering a simplified version of Keane and Wolpin's (1997) model, where we show that the semiparametric information is zero.

MoreLess

Year of publication:	2010
Authors:	Buchinsky, Moshe ; Hahn, Jinyong ; Kim, Kyoo il
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 108.2010, 2, p. 109-112
Publisher:	Elsevier
Keywords:	Dynamic discrete choice models with fixed effects Semiparametric efficiency bound Simulation based test

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866940