Estimating Discrete-Continuous Choice Models: The Endogenous Grid Method with Taste Shocks
نویسندگان
چکیده
منابع مشابه
Estimating Discrete-Continuous Choice Models: The Endogenous Grid Method with Taste Shocks
We present a fast and accurate computational method for solving and estimating a class of dynamic programming models with discrete and continuous choice variables. The solution method we develop for structural estimation extends the endogenous gridpoint method (EGM) to discrete-continuous (DC) problems. Discrete choices can lead to kinks in the value functions and discontinuities in the optimal...
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We present a fast and accurate computational method for solving and estimating a class of dynamic programming models with discrete and continuous choice variables. The solution method we develop for structural estimation extends the endogenous grid-point method (EGM) to discrete-continuous (DC) problems. Discrete choices can lead to kinks in the value functions and discontinuities in the optima...
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This supplementary material contains discussions on the optimal bandwidths selection, technical proofs, and additional asymptotic results for weighted averages of effects. All assumptions, notations, and references are as given in the main body of the paper. Appendix A: Selection of Bandwidths In this appendix we provide a useful guideline on how to use leave-one-out cross-validation (Wahba, 19...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2696079