Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10005122839
We apply a new simulation method that solves the multidimensional probability integrals that arise in maximum likelihood estimation of a broad class of limited dependent variable models. The simulation method has four key features: the simulated choice probabilities are unbiased; they are a...
Persistent link: https://www.econbiz.de/10005634706
Persistent link: https://www.econbiz.de/10005664608