Estimation of structural optimization models: a note on identification

Sorawoot Srisuma

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Bajari, Benkard and Levin (2007) propose an estimation methodology for a broad class of dynamic optimization problems. To carry out their procedure, one needs to select a set of alternative policy functions and compare the implied expected payoffs with that from the data. We show that this can generally lead to objective functions that are not capable of consistently estimating an identified model.

Keywords: consistency; identification; optimization models (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2010-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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http://eprints.lse.ac.uk/58071/ Open access version. (application/pdf)

Related works:
Working Paper: Estimation of Structural Optimization Models: A Note on Identification (2010)
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