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) recursive utility model, evaluates the model's ability to fit asset return data relative to other asset pricing models, and …
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We introduce an approach for semiparametric inference in dynamic binary choice models that does not impose distributional assumptions on the state variables unobserved by the econometrician. The proposed framework combines Bayesian inference with partial identification results. The method is...
Persistent link: https://www.econbiz.de/10013107321
We introduce an approach for semi-parametric inference in dynamic binary choice models that does not impose distributional assumptions on the state variables unobserved by the econometrician. The proposed framework combines Bayesian inference with partial identification results. The method is...
Persistent link: https://www.econbiz.de/10013074513
This paper describes a range of methods which have been proposed to study interactions in economic and social contexts. By interactions, we refer to interdependences between individual decisions which are not mediated by markets. These types of models have been employed to understand phenomena...
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