Conditional Choice Probability Estimation of Dynamic Discrete Choice Models With Unobserved Heterogeneity.
We adapt the expectation-maximization algorithm to incorporate unobserved heterogeneity into conditional choice probability (CCP) estimators of dynamic discrete choice problems. The unobserved heterogeneity can be time-invariant or follow a Markov chain. By developing a class of problems where the d...
| Publicado en: | Econometrica Vol. 79; no. 6; pp. 1823 - 1868 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
November 2011
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| Acceso en línea: | Ver este registro en EBSCOhost |