Jumamyradov, Maksat; Munkin, Murat; Greene, William H.; … - In: Econometrics : open access journal 12 (2024) 2, pp. 1-15
In a recent study, it was demonstrated that the maximum simulated likelihood (MSL) estimator produces significant biases when applied to the bivariate normal and bivariate Poisson-lognormal models. The study's conclusion suggests that similar biases could be present in other models generated by...