Serially correlated variables in dynamic, discrete choice models

This paper discusses the problems that are encountered when dynamic, discrete choice models are specified with continuous, serially correlated state variables. A variety of approximation methods that can deal with these problems is examined, and an empirical example that allows continuous variables to be serially correlated is presented. Copyright © 2000 John Wiley & Sons, Ltd.

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Year of publication:	2000
Authors:	Stinebrickner, Todd R.
Published in:	Journal of Applied Econometrics. - John Wiley & Sons, Ltd.. - Vol. 15.2000, 6, p. 595-624
Publisher:	John Wiley & Sons, Ltd.

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005823703