Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/59626
Full metadata record
DC FieldValueLanguage
dc.contributor.authorSu, Che-Linen_US
dc.contributor.authorJudd, Kenneth L.en_US
dc.date.accessioned2010-10-25en_US
dc.date.accessioned2012-07-12T12:33:36Z-
dc.date.available2012-07-12T12:33:36Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/59626-
dc.description.abstractEstimating structural models is often viewed as computationally difficult, an impression partly due to a focus on the nested fixed-point (NFXP) approach. We propose a new constrained optimization approach for structural estimation. We show that our approach and the NFXP algorithm solve the same estimation problem, and yield the same estimates. Computationally, our approach can have speed advantages because we do not repeatedly solve the structural equation at each guess of structural parameters. Monte Carlo experiments on the canonical Zurcher bus-repair model demonstrate that the constrained optimization approach can be significantly faster.en_US
dc.language.isoengen_US
dc.publisher|aNorthwestern Univ., Kellogg Graduate School of Management, Center for Mathematical Studies in Economics and Management Science |cEvanstonen_US
dc.relation.ispartofseries|aDiscussion Paper, Center for Mathematical Studies in Economics and Management Science |x1460en_US
dc.subject.ddc330en_US
dc.subject.keywordstructural estimationen_US
dc.subject.keyworddynamic discrete choice modelsen_US
dc.subject.keywordconstrained optimizationen_US
dc.titleConstrained optimization approaches to estimation of structural modelsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn63770066Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

Files in This Item:
File
Size
334.79 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.