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dynamic discrete choice
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equilibrium constraint
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heterogeneity
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likelihood
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nested pseudo
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unobserved
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value function mapping
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Kasahara, Hiroyuki
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Shimotsu, Katsumi
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Graduate School of Economics, Hitotsubashi University
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Discussion Papers / Graduate School of Economics, Hitotsubashi University
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Sequential Estimation of Dynamic Programming Models with Unobserved Heterogeneity
Kasahara, Hiroyuki
;
Shimotsu, Katsumi
-
Graduate School of Economics, Hitotsubashi University
-
2011
conducts iteration using the
value
function
mapping
rather than the policy iteration mapping. Its implementation is …
Persistent link: https://www.econbiz.de/10008873245
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