PPML estimation of dynamic discrete choice models with aggregate shocks (English)

This paper introduces a computationally efficient method for estimating structural parameters of dynamic discrete choice models with large choice sets. The method is based on Poisson pseudo maximum likelihood (PPML) regression, which is widely used in the international trade and migration literature to estimate the gravity equation. Unlike most of the existing methods in the literature, it does not require strong parametric assumptions on agents'...

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Author

Artuc,Erhan;
Document Date
2013/06/01
Document Type
Policy Research Working Paper
Report Number
WPS6480
Volume No
1
Total Volume(s)
1
Country
United States, World,
Region
Other,
Disclosure Date
2013/06/01
Disclosure Status
Disclosed
Doc Name
PPML estimation of dynamic discrete choice models with aggregate shocks
Keywords
aggregate shock

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Artuc,Erhan.

PPML estimation of dynamic discrete choice models with aggregate shocks (English). Policy Research working paper ; no. WPS 6480 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/940621468167056224

PPML estimation of dynamic discrete choice models with aggregate shocks (English)

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