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Dynamic Discrete Choice And Dynamic Treatment Effects
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Book Synopsis Dynamic Discrete Choice and Dynamic Treatment Effects by : James Joseph Heckman
Download or read book Dynamic Discrete Choice and Dynamic Treatment Effects written by James Joseph Heckman and published by . This book was released on 2005 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers semiparametric identification of structural dynamic discrete choice models and models for dynamic treatment effects. Time to treatment and counterfactual outcomes associated with treatment times are jointly analyzed. We examine the implicit assumptions of the dynamic treatment model using the structural model as a benchmark. For the structural model we show the gains from using cross equation restrictions connecting choices to associated measurements and outcomes. In the dynamic discrete choice model, we identify both subjective and objective outcomes, distinguishing ex post and ex ante outcomes. We show how to identify agent information sets
Book Synopsis Persistence Effects in a Dynamic Discrete Choice Model by : Szabolcs Lőrincz
Download or read book Persistence Effects in a Dynamic Discrete Choice Model written by Szabolcs Lőrincz and published by . This book was released on 2005 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Discrete Choice Methods with Simulation by : Kenneth Train
Download or read book Discrete Choice Methods with Simulation written by Kenneth Train and published by Cambridge University Press. This book was released on 2009-07-06 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.
Book Synopsis Essays on Dynamic Discrete Choice Models by : Selin Akca
Download or read book Essays on Dynamic Discrete Choice Models written by Selin Akca and published by . This book was released on 2014 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Econometrics by : James Joseph Heckman
Download or read book Handbook of Econometrics written by James Joseph Heckman and published by Elsevier. This book was released on 2007 with total page 1013 pages. Available in PDF, EPUB and Kindle. Book excerpt: As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice ...
Download or read book Dynamic Economics written by Jerome Adda and published by MIT Press. This book was released on 2023-05-09 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: An integrated approach to the empirical application of dynamic optimization programming models, for students and researchers. This book is an effective, concise text for students and researchers that combines the tools of dynamic programming with numerical techniques and simulation-based econometric methods. Doing so, it bridges the traditional gap between theoretical and empirical research and offers an integrated framework for studying applied problems in macroeconomics and microeconomics. In part I the authors first review the formal theory of dynamic optimization; they then present the numerical tools and econometric techniques necessary to evaluate the theoretical models. In language accessible to a reader with a limited background in econometrics, they explain most of the methods used in applied dynamic research today, from the estimation of probability in a coin flip to a complicated nonlinear stochastic structural model. These econometric techniques provide the final link between the dynamic programming problem and data. Part II is devoted to the application of dynamic programming to specific areas of applied economics, including the study of business cycles, consumption, and investment behavior. In each instance the authors present the specific optimization problem as a dynamic programming problem, characterize the optimal policy functions, estimate the parameters, and use models for policy evaluation. The original contribution of Dynamic Economics: Quantitative Methods and Applications lies in the integrated approach to the empirical application of dynamic optimization programming models. This integration shows that empirical applications actually complement the underlying theory of optimization, while dynamic programming problems provide needed structure for estimation and policy evaluation.
Book Synopsis Handbook of Econometrics by : James J. Heckman
Download or read book Handbook of Econometrics written by James J. Heckman and published by Elsevier. This book was released on 2009-01-13 with total page 1057 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on Dynamic Discrete Choice Models by : Eliza Da Silva Gomes
Download or read book Essays on Dynamic Discrete Choice Models written by Eliza Da Silva Gomes and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Estimation of Dynamic Discrete Choice Models in Continuous Time! by :
Download or read book Estimation of Dynamic Discrete Choice Models in Continuous Time! written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Discrete Choice Models by : Ivan Rajkovic
Download or read book Dynamic Discrete Choice Models written by Ivan Rajkovic and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on the Simulation-based Estimation of Dynamic Discrete Choice Models by : Ben Waltmann
Download or read book Essays on the Simulation-based Estimation of Dynamic Discrete Choice Models written by Ben Waltmann and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Socio-dynamic Discrete Choice written by and published by . This book was released on 2013 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We find in this thesis that careful specification of both observed and unobserved heterogeneity matters critically for emergent temporal outcomes when there is sociodynamic feedback in the model, even when the feedback takes the simple form of an aggregate field variable. Agent heterogeneity impacts the magnitude of the mode shares, the speed of the transition to the steady state as well as very fundamentally the number of possible observable steady state solutions. Also the detailed effect of induced heterogeneity is important to understand in different network structures, including the speed of information flow across them. Misrepresentation of the appropriate scale at which social influence occurs and of the appropriate network structure can yield strongly flawed policy implications when studying social feedback."--Samenvatting auteur.
Book Synopsis Three Essays on Semiparametric Models of Dynamic Discrete Choice, Program Evaluation, and the College Premium in the Eighties by : Christopher Taber
Download or read book Three Essays on Semiparametric Models of Dynamic Discrete Choice, Program Evaluation, and the College Premium in the Eighties written by Christopher Taber and published by . This book was released on 1995 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Comment on “Estimating Dynamic Discrete Choice Models with Hyperbolic Discounting” by Hanming Fang and Yang Wang by : Jaap H. Abbring
Download or read book A Comment on “Estimating Dynamic Discrete Choice Models with Hyperbolic Discounting” by Hanming Fang and Yang Wang written by Jaap H. Abbring and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fang and Wang's (2015) Proposition 2 claims generic identification of a dynamic discrete choice model with hyperbolic discounting under exclusion restrictions. We note that Proposition 2 uses a definition of “generic” that does not preclude that a generically identified model is nowhere identified. We provide two examples of models that are generically identified under this definition, but that are, respectively, everywhere and nowhere identified. We then show that the proof of Proposition 2 is incorrect and incomplete. We conclude that Proposition 2 has no implications for identification of the dynamic discrete choice model and suggest alternative approaches to its identification.
Book Synopsis Identifying the Discount Factor in Dynamic Discrete Choice Models by : Jaap H. Abbring
Download or read book Identifying the Discount Factor in Dynamic Discrete Choice Models written by Jaap H. Abbring and published by . This book was released on 2019 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical research often cites observed choice responses to variation that shifts expected discounted future utilities, but not current utilities, as an intuitive source of information on time preferences. We study the identification of dynamic discrete choice models under such economically motivated exclusion restrictions on primitive utilities. We show that each exclusion restriction leads to an easily interpretable moment condition with the discount factor as the only unknown parameter. The identified set of discount factors that solves this condition is finite, but not necessarily a singleton. Consequently, in contrast to common intuition, an exclusion restriction does not in general give point identification. Finally, we show that exclusion restrictions have nontrivial empirical content: The implied moment conditions impose restrictions on choices that are absent from the unconstrained model.
Book Synopsis Identifying Dynamic Discrete Decision Processes by : Thierry Magnac
Download or read book Identifying Dynamic Discrete Decision Processes written by Thierry Magnac and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we analyse the non parametric identification of dynamic discrete choice models using short-panel data. Our identification methodology is based on the ideas explored in the seminal paper of Hotz and Miller (1993) that Bellman equations can be interpreted as moment conditions. We derive the exact degree of underidentification of these models both in the case where random shocks on preferences are independent over time and in a case with correlated fixed effects. We investigate the necessity and power of various identifying restrictions.
Book Synopsis Nonparametric Econometric Methods by : Qi Li
Download or read book Nonparametric Econometric Methods written by Qi Li and published by Emerald Group Publishing. This book was released on 2009-12-04 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains a selection of papers presented initially at the 7th Annual Advances in Econometrics Conference held on the LSU campus in Baton Rouge, Louisiana during November 14-16, 2008. This work is suitable for those who wish to familiarize themselves with nonparametric methodology.
