Semiparametric information bound of dynamic discrete choice models
Moshe Buchinsky,
Jinyong Hahn and
Kyoo il Kim (kyookim@msu.edu)
Economics Letters, 2010, vol. 108, issue 2, 109-112
Abstract:
We develop a simulation based approach that can determine whether the semiparametric efficiency bound of a dynamic discrete choice model with fixed effects is zero or not. We illustrate the usefulness of our approach by considering a simplified version of Keane and Wolpin's (1997) model, where we show that the semiparametric information is zero.
Keywords: Dynamic; discrete; choice; models; with; fixed; effects; Semiparametric; efficiency; bound; Simulation; based; test (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:2:p:109-112
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