Search Results - subject:"dynamic discrete choice models"

The joint identification of utility and discount functions from stated choice data : an application to durable goods adoption

Dubé, Jean-Pierre; Hitsch, Güenter J.; Jindal, Pranav - In: Quantitative marketing and economics : QME 12 (2014) 4, pp. 331-377

Persistent link: https://www.econbiz.de/10010477213

Semiparametric identification of structural dynamic optimal stopping time models

Chen, Le-Yu - 2007

This paper presents new identification results for the class of structural dynamic optimal stopping time models that are built upon the framework of the structural discrete Markov decision processes proposed by Rust (1994). We demonstrate how to semiparametrically identify the deep structural...

Persistent link: https://www.econbiz.de/10010318465

Simplified implementation of the Heckman estimator of the dynamic probit model and a comparison with alternative estimators

Arulampalam, Wiji; Stewart, Mark B. - 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/10010268488

Semiparametric identification of structural dynamic optimal stopping time models

Chen, Le-Yu - Centre for Microdata Methods and Practice (CEMMAP) - 2007

semiparametrically identi�ed using control function approaches. KEYWORDS : structural dynamic discrete choice models, semiparametric … empirical work on dynamic discrete choice models and Wolpin (1996) for the use of such models in public policy evaluation. 1I am … research. 1 Structural estimation of dynamic discrete choice models is attractive to researchers because it tightly links …

Persistent link: https://www.econbiz.de/10005037568

Nonparametric identification and estimation of finite mixture models of dynamic discrete choices

Kasahara, Hiroyuki; 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/10010291974

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

Kasahara, Hiroyuki; Shimotsu, Katsumi - 2006

Persistent link: https://www.econbiz.de/10011940706

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

Kasahara, Hiroyuki; Shimotsu, Katsumi - Economics Department, Queen's University - 2006

Persistent link: https://www.econbiz.de/10005688572

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

Kasahara, Hiroyuki; Shimotsu, Katsumi - University of Western Ontario, Department of Economics - 2006

Persistent link: https://www.econbiz.de/10005730775

Semi-Parametric Inference in Dynamic Binary Choice Models

Norets, Andriy; Tang, Xun - Department of Economics, University of Pennsylvania - 2013

We introduce an approach for semi-parametric inference in dynamic binary choice models that does not impose distributional assumptions on the state variables unobserved by the econometrician. The proposed framework combines Bayesian inference with partial identification results. The method is...

Persistent link: https://www.econbiz.de/10010822905

Structural estimation of stock market participation costs

Khorunzhina, Natalia - In: Journal of Economic Dynamics and Control 37 (2013) 12, pp. 2928-2942

This paper develops and estimates a dynamic model of stock market participation, where consumers' decisions regarding stock market participation are influenced by participation costs. The practical significance of the participation costs is considered as being a channel through which financial...

Persistent link: https://www.econbiz.de/10010719555