Browsing Faculté des arts et des sciences – Département de sciences économiques by Subject "Nested pseudo-likelihood"
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Imposing equilibrium restrictions in the estimation of dynamic discrete games
(Université de Montréal. Département de sciences économiques., 2019-09)Imposing equilibrium restrictions provides substantial gains in the estimation of dynamic discrete games. Estimation algorithms imposing these restrictions – MPEC, NFXP, NPL, and variations – have different merits and limitations. MPEC guarantees local ...