Heerde, Harald J. van (contributor); … - 2004
budgets. Further, the very nature of
consumer search (e.g., Stigler 1961) and the expectations inherent in inter …
Lehmann 1997). One benefit of time-varying parameters over the structural approach is that they
do not require the … which this is valid is unclear, yet impossible to quantify in the absence of such
extreme observations in the estimation …