This volume of Advances in Econometrics series focuses on recent developments in the use of structural econometric models in empirical economics. The articles in this volume are divided into three broad groups. The first part looks at recent developments in the estimation of dynamic discrete choice models. This includes using new estimation methods for these models based on Euler equations, estimation using sieve approximation of high dimensional state space, the identification of Markov dynamic games with persistent unobserved state variables. The second part looks at recent advances in the area empirical matching models. The articles in this section look at developing estimators for matching models based on stability conditions, estimating matching surplus functions using generalized entropy functions, solving for the fixed point in the Choo-Siow matching model using a contraction mapping formulation. While the issue of incomplete, or partial identification of model parameters is touched upon in some of the foregoing articles, two articles focus on this issue, in the context of testing for monotone comparative statics in models with multiple equilibria, and estimation of supermodular games under the restrictions that players' strategies be rationalizable. The last group of four articles looks at empirical applications using structural econometric models. Two application applies matching models to solve endogenous matching to the loan spread equation and to endogenize marriage in the collective model of intrahousehold allocation. Other applications look at market power of condominium developers in the Japanese housing market in the 1990s, and cigarette firms' responses to the U.S. government's antismoking policies.
This volume of Advances in Econometrics series focuses on recent developments in the use of structural econometric models in empirical economics. The articles in this volume are divided into three broad groups. The first part looks at recent developments in the estimation of dynamic discrete choice models. This includes using new estimation methods for these models based on Euler equations, estimation using sieve approximation of high dimensional state space, the identification of Markov dynamic games with persistent unobserved state variables. The second part looks at recent advances in the area empirical matching models. The articles in this section look at developing estimators for matching models based on stability conditions, estimating matching surplus functions using generalized entropy functions, solving for the fixed point in the Choo-Siow matching model using a contraction mapping formulation. While the issue of incomplete, or partial identification of model parameters is touched upon in some of the foregoing articles, two articles focus on this issue, in the context of testing for monotone comparative statics in models with multiple equilibria, and estimation of supermodular games under the restrictions that players' strategies be rationalizable. The last group of four articles looks at empirical applications using structural econometric models. Two application applies matching models to solve endogenous matching to the loan spread equation and to endogenize marriage in the collective model of intrahousehold allocation. Other applications look at market power of condominium developers in the Japanese housing market in the 1990s, and cigarette firms' responses to the U.S. government's antismoking policies.
Structural Econometric Models
350
Structural Econometric Models
350
Product Details
| ISBN-13: | 9781783500529 |
|---|---|
| Publisher: | Emerald Group Publishing Limited |
| Publication date: | 12/28/2013 |
| Series: | Advances in Econometrics Series , #31 |
| Pages: | 350 |
| Product dimensions: | 6.00(w) x 9.00(h) x 1.37(d) |