SHERMAN, ROBERT P.; HO, YU-YUN K.; DALAL, SIDDHARTHA R. - In: Econometrics Journal 2 (1999) 2, pp. 248-267
Intractable maximum likelihood problems can sometimes be finessed with a Monte Carlo implementation of the EM algorithm. However, there appears to be little theory governing when Monte Carlo EM (M C E M) sequences converge. Consequently, in some applications, convergence is assumed rather than...