Search Results - subject:"Dynamic Discrete Choice Models"

Sunk Costs Hysteresis in Spanish Manufacturing Exports

Máñez, Juan A.; Rochina-Barrachina, María E.; … - In: Review of World Economics (Weltwirtschaftliches Archiv) 144 (2008) 2, pp. 272-294

Persistent link: https://www.econbiz.de/10005167036

Simplified Implementation of the Heckman Estimator of the Dynamic Probit Model and a Comparison with Alternative Estimators

Arulampalam, Wiji; Stewart, Mark - Institute for the Study of Labor (IZA) - 2007

This paper presents a convenient shortcut method for implementing the Heckman estimator of the dynamic random effects probit model using standard software. It then compares the three estimators proposed by Heckman, Orme and Wooldridge based on three alternative approximations, first in an...

Persistent link: https://www.econbiz.de/10005703243

Nonparametric Identification and Estimation of Finite Mixture Models of Dynamic Discrete Choices

Kasahara, Hiroyuko; Shimotsu, Katsumi - 2006

In dynamic discrete choice analysis, controlling for unobserved heterogeneity is an important issue, and finite mixture models provide flexible ways to account for unobserved heterogeneity. This paper studies nonparametric identifiability of type probabilities and type-specific component...

Persistent link: https://www.econbiz.de/10009447271

Estimating Dynamic Models of Imperfect Competition

Bajari, Pat; Benkard, Lanier - Econometric Society - 2004

discrete choice models and a class of dynamic oligopoly models with lumpy investment policies. … simple maximum likelihood estimator that is similar to a probit model. We discuss how the approach applies to dynamic …

Persistent link: https://www.econbiz.de/10005129809