Pairwise-Difference Estimation of a Dynamic Optimization Model
نویسندگان
چکیده
منابع مشابه
Pairwise-Difference Estimation of a Dynamic Optimization Model∗
We develop a new estimation methodology for a dynamic optimization model with unobserved shocks. We propose a pairwise-difference approach which exploits two common features of the dynamic optimization problem we consider: (1) the monotonicity of the agent’s decision (policy) function in the shocks, conditional on the observed state variables; and (2) the state-contingent nature of optimal deci...
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ژورنال
عنوان ژورنال: Review of Economic Studies
سال: 2009
ISSN: 0034-6527
DOI: 10.1111/j.1467-937x.2009.00576.x