functions up to scale, in consumption based asset pricing Euler equations. Ours is the first paper to prove nonparametric … identification of Euler equations under low level conditions (without imposing functional restrictions or just assuming completeness …

functions up to scale, in consumption based asset pricing Euler equations. Ours is the first paper to prove nonparametric … identification of Euler equations under low level conditions (without imposing functional restrictions or just assuming completeness …

We derive marginal conditions of optimality (i.e., Euler equations) for a general class of Dynamic Discrete Choice (DDC … conditions of optimality and the envelope conditions required to construct Euler equations are also satisfied in DDC models. The … GMM estimation of these Euler equations avoids the curse of dimensionality associated to the computation of value …

We derive marginal conditions of optimality (i.e., Euler equations) for a general class of Dynamic Discrete Choice (DDC … conditions of optimality and the envelope conditions required to construct Euler equations are also satisfied in DDC models. The … GMM estimation of these Euler equations avoids the curse of dimensionality associated to the computation of value …

explores this issue in the context of consumption Euler equations. These equations form the basis of estimates of key …

explores this issue in the context of consumption Euler equations. These equations form the basis of estimates of key …