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Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments

Eisenhauer, Philipp - 2014

We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...

Persistent link: https://www.econbiz.de/10013044661

Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments

Eisenhauer, Phillipp - 2014

Persistent link: https://www.econbiz.de/10013044978

Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments

Eisenhauer, Philipp - 2014

Persistent link: https://www.econbiz.de/10013045058

Simple estimators for treatment parameters in a latent variable framework with an application to estimating the returns to schooling

Heckman, James J.; Tobias, Justin L.; Vytlacil, Edward - 2000

Persistent link: https://www.econbiz.de/10001520893

Long-Run Links Among Money, Prices, and Output: World-Wide Evidence

Reimers, Hans-Eggert; Herwartz, Helmut - 2001

analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …. Moreover, parameter restrictions for the long-run relationships implied by the monetary theory are tested. Country specific P … Preisniveau und dem realen Output testet. Weiterhin werden die Parameterrestriktionen, die sich durch die monet¨are Theorie …

Persistent link: https://www.econbiz.de/10010295711

Modelling the Fisher hypothesis: World wide evidence

Herwartz, Helmut; Reimers, Hans-Eggert - 2006

In this paper we follow an empirical approach to examine the implications of the Fisher hypothesis, namely cointegration linking interest rates and inflation, and stationarity of the real interest rate implying in turn homogeneity of the potential equilibrium relation. The considered sample is...

Persistent link: https://www.econbiz.de/10010296257

A functional coefficient model view of the Feldstein-Horioka puzzle

Herwartz, Helmut; Xu, Fang - 2007

What does the saving-investment (SI) relation really measure and how should the (SI) relation be measured? These are two of the most discussed issues triggered by the so called Feldstein-Horioka puzzle. Based on panel data we introduce a new variant of functional coefficient models that allow to...

Persistent link: https://www.econbiz.de/10010296278

Identifying hedonic models

Ekeland, Ivar; Heckman, James J.; Nesheim, Lars - 2001

, Sherwin Rosen, 1974 and Dennis Epple, 1987, for contributions to this literature). While the theory is well formulated, and …

Persistent link: https://www.econbiz.de/10010318466

Simulation and estimation of hedonic models

Heckman, James J.; Matzkin, Rosa Liliana; Nesheim, Lars P. - 2003

Persistent link: https://www.econbiz.de/10010318494

Identification and estimation of hedonic models

Ekeland, Ivar; Heckman, James J.; Nesheim, Lars - 2002

This paper considers the identification and estimation of hedonic models. We establish that technology and preferences in a separable version of the hedonic model are generically identified up to affine transformations from data on demand and supply in a single hedonic market. For a very general...

Persistent link: https://www.econbiz.de/10010318545