Showing 1 - 10 of 304
This paper studies an alternative bias correction for the M-estimator, which is obtained by correcting the moment equation in the spirit of Firth (1993). In particular, this paper compares the stochastic expansions of the analytically bias-corrected estimator and the alternative estimator and...
Persistent link: https://www.econbiz.de/10005091184
We consider estimation and inference of parameters in discrete games allowing for multiple equilibria, without using an equilibrium selection rule. We do a set inference while a game model can contain infinite dimensional parameters. Examples can include signaling games with discrete types where...
Persistent link: https://www.econbiz.de/10005091219
This paper studies the uniform convergence rate of the turncated SNP (semi-nonparametric) density estimator. Using the uniform convergence rate result we obtain, we propose a test statistic testing the equivalence of two unknown densities where two densities are estimated using the SNP estimator...
Persistent link: https://www.econbiz.de/10005056812
This paper studies the uniform convergence rate of the truncated seminonparametric (SNP) density estimator. Using the uniform convergence rate result we obtain, we propose a test statistic testing the equivalence of two unknown densities where two densities are estimated using the SNP estimator...
Persistent link: https://www.econbiz.de/10005405453
We study identification of combinatorial valuations from aggregate demand. Each utility function takes as arguments subsets or, alternatively, quantities of the multiple goods. We exploit mathematical insights from auction theory to generically identify the distribution of utility functions. In...
Persistent link: https://www.econbiz.de/10010930801
We propose a simple nonparametric mixtures estimator for recovering the joint distribution of parameter heterogeneity in economic models, such as the random coefficients logit. The estimator is based on linear regression subject to linear inequality constraints, and is robust, easy to program...
Persistent link: https://www.econbiz.de/10005033483
The random coefficients, multinomial choice logit model has been widely used in empirical choice analysis for the last 30 years. We are the first to prove that the distribution of random coefficients in this model is nonparametrically identified. Our approach exploits the structure of the logit...
Persistent link: https://www.econbiz.de/10005000615
We propose an estimator for discrete choice models, such as the logit, with a nonparametric distribution of random coefficients. The estimator is linear regression subject to linear inequality constraints and is robust, simple to program and quick to compute compared to alternative estimators...
Persistent link: https://www.econbiz.de/10008479107
With the availability of a rich data set, we will develop a new method of conducting structural analysis of ascending auctions under the simplest valuation paradigm, the symmetric IPV model. The data set allows us to adopt a nonparametric approach and make strong interpretation of observed bids,...
Persistent link: https://www.econbiz.de/10005702762
Persistent link: https://www.econbiz.de/10005296245