This paper considers the estimation of dynamic structural models where the decision variables are censored. We present and discuss several econometric issues and estimation methods under alternative stochastic structures of the unobservables, different potential sources of censoring, and...

This paper analyzes the role of skill-biased technological progress on the recent changes in the occupational structure of Spanish manufacturing employment. Our dataset consists of a panel of Spanish manufacturing firms during the period 1986-1991. We confirm a puzzle that has been found in...

This paper deals with identification in dynamic discrete decision processes. It shows the nonparametric identification of the behavioral responses to counterfactual policy interventions that modify the one-period utility function

This paper is concerned with the interaction between price and inventory decisions in retailing firms and its implications on the dynamics of markups and the existence of sales promotions. We consider a model where a monopolistic competitive retailer decides price and inventories and assumes...

This paper proposes a new nested algorithm (NPL) for the estimation of a class of discrete Markov decision models and studies its statistical and computational properties. Our method is based on a representation of the solution of the dynamic programming problem in the space of conditional...

This paper considers the estimation of dynamic structural models where the decision variables are censored. We present and discuss several econometric issues and estimation methods under alternative stochastic structures of the unobservables, different potential sources of censoring, and...

This paper studies the estimation of dynamic discrete games of incomplete information. Two main econometric issues appear in the estimation of these models: the indeterminacy problem associated with the existence of multiple equilibria, and the computational burden in the solution of the game....

This paper is concerned with the interaction between price and inventory decisions in retailing firms and its implications on the dynamics of markups and the existence of sales promotions. We consider a model where a monopolistic competitive retailer decides price and inventories and assumes...