Showing 1 - 10 of 8,434
requires repeated re-calculation of the estimator. In Honoré and Hu (2015), we propose a computationally simpler bootstrap … contribution here is that rather than repeated re-calculating the U-statistic-based estimator, we can recalculate a related … estimator based on single-sums. A simulation study suggests that the approach leads to a good approximation to the standard …
Persistent link: https://www.econbiz.de/10012948675
partially unavailable, and dynamic discrete games. We propose a sieve maximum likelihood estimator for primitives in agents …
Persistent link: https://www.econbiz.de/10012830147
choices are partially unavailable, and dynamic discrete games. We propose a sieve maximum likelihood estimator for primitives …
Persistent link: https://www.econbiz.de/10012271085
This paper develops identification and estimation methods for dynamic structural models when agents' actions are unobserved by econometricians. We provide conditions under which choice probabilities and latent state transition rules are nonparametrically identified with a continuous state...
Persistent link: https://www.econbiz.de/10012019994
requires repeated re-calculation of the estimator. In this paper, we propose a method which is specific to extremum estimators … based on U-statistics. The contribution here is that rather than repeated re-calculation of the U-statistic-based estimator …, we can recalculate a related estimator based on single-sums. A simulation study suggests that the approach leads to a …
Persistent link: https://www.econbiz.de/10014133735
Estimation of empirical relationships is prone to bias. Economists have carefully identified and addressed sources of bias in structural and quasi-experimental approaches, but the randomized control trial (RCT) has only recently begun to receive such scrutiny. In this paper, we argue that...
Persistent link: https://www.econbiz.de/10013035540
International large-scale assessments such as PISA are increasingly being used to benchmark the academic performance of young people across the world. Yet many of the technicalities underpinning these datasets are misunderstood by applied researchers, who sometimes fail to take their complex...
Persistent link: https://www.econbiz.de/10011672714
We propose an approach to modeling and estimating discrete choice demand that allows for a large number of zero sale observations, rich unobserved heterogeneity, and endogenous prices. We do so by modeling small market sizes through Poisson arrivals. Each of these arriving consumers then solves...
Persistent link: https://www.econbiz.de/10013312178
Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric model is estimated, observations are selected in such a way that the resulting subset of data can be assumed to be sufficiently homogeneous with respect to the specific research...
Persistent link: https://www.econbiz.de/10013040004
being a prime example. A natural estimator is the innate estimator that maximizes Q(X;\theta.) wrt. \theta. While the innate … estimator has certain advantages, we show that the asymptotically efficient estimator is defined from a likelihood function in … conjunction with Q. The likelihood-based estimator is, however, fragile, as misspecification is harmful in two ways. First, the …
Persistent link: https://www.econbiz.de/10012919208