Two dynamic discrete choice estimation problems and simulation method solutions
Stern, Steven (1994) Two dynamic discrete choice estimation problems and simulation method solutions. Review of Economics and Statistics, 76(4), pp. 695-702.
This paper considers two problems that frequently arise in dynamic discrete choice problems but have not received much attention with regard to simulation methods. The first problem is how to simulate unbiased simulators of probabilities conditional on past history. The second is simulating a discrete transition probability model when the underlying dependent variable is really continuous. Both methods work well relative to reasonable alternatives in the application discussed. However, in both cases, for this application, simpler methods also provide reasonably good results.
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|Item Type:||Journal Article|
|Additional Information:||Cited By (since 1996):15
Export Date: 6 May 2014
|Divisions:||Current > QUT Faculties and Divisions > Science & Engineering Faculty|
|Deposited On:||02 Jul 2014 00:38|
|Last Modified:||02 Jul 2014 00:38|
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