You searched for:
Keyword: limited dependent variable models;
3 results found.
Novel Approaches to Coherency Conditions in Dynamic LDV Models: Quantifying Financing Constraints and a Firm's Decision and Ability to Innovate
V A Hajivassiliou, Frédérique Savignac and Frédérique Savignac
We develop novel methods for establishing coherency conditions in Static and Dynamic Limited Dependent Variables (LDV) Models. We propose estimation strategies based on Conditional Maximum Likelihood Estimation for simul...Read more...
5 November 2019
Some Practical Issues in Maximum Simulated Likelihood
V A Hajivassiliou
In this paper, I explore ways of recapturing the efficiency property for estimators that rely on simulation. In particular, I show that this can be achieved by exploiting two-step maximum stimulated likelihood (SL) estim...Read more...
The Method of Simulated Scores for the Estimation of LDV Models
V A Hajivassiliou and DL McFadden
The method of simulated scores (MSS) is presented for estimating limited dependent variables models (LDV) with flexible correlation structure in the unobservables. We propose simulators that are continuous in the unknown...Read more...