This paper proposes an indirect inference (Gourieroux, Monfort and Renault, 1993; Smith, 1993) estimation method for a … systems naturally generates auxiliary equilibria that can serve as building blocks for estimation. We use this insight to … develop an accurate estimator for the long-run risk model of Bansal and Yaron (2004). We demonstrate the accuracy of our …

proposers and receivers in the estimation of a structural reinforcement learning model. The estimation results suggest that …'éloigne de la perfection en sous-jeux ainsi que de l'équité. L'estimation d'un modèle structurel d'apprentissage par renforcement … montre des signes d'apprentissage autant chez les sujets qui proposent que chez les receveurs. Les résultats de l'estimation …

In a Constant Proportion Portfolio Insurance (CPPI) framework, a constant risk exposure is defined by the multiple of … the strategy. This article proposes an alternative conditional multiple estimation model, which is based on an …