given market. We allow for three sources of error: the sampling error in estimating market shares, the simulation error in … estimator is normal provided the size of the consumer sample and the number of simulation draws grow at a large enough rate … relative to the number of products. The required rates differ for two frequently used demand models, and a small Monte Carlo …

Due to the recent financial crisis, the interest in econometric models that allow to incorporate binary variables (such …

In models of strategic interaction, there may be important order of entry effects if one player can credibly commit to … will be confounded with the payoffs. This paper considers nonparametric identification and simulation-based estimation of … sequential games of complete information. Relative to simultaneous-move games, these models avoid the problem of multiple …

appropriately address these issues with the nonlinear models typically used in recreation demand analysis can severely bias …

for these functionals, rather than with a single one. As a result, the econometric analysis of models with multiple … approaches is reviewed, focusing on static game theoretic models. …

many female heads receive both food stamps and AFDC. As we will show, recently developed techniques of "simulation …

unstructured body of numeric evidence, for example from Monte Carlo simulation, in a form ready for introducing to scientific …, and organize content into a productive tool. Graphs confirm the advantage when put to work in a standard simulation …