Browning, Martin; Carro, Jesus - Department of Economics, Oxford University - 2006
parameter. We first analyse the purchase of full fat milk using a long consumer panel (T > 100) on many households. The large T … nature of the panel allows us to consistently estimate the parameters of each household separately. This analysis indicates … properties of MLE. Our main finding is that in almost all short panel contexts the MIMSE significantly outperforms the other two …