Econometric Analysis of Sequential Discrete Choice Models
Abstract
This paper specifies an estimable dynamic model of sequential discrete choices in a controlled jump-process framework. We study sufficient conditions under which the agent's optimal policy is stationary. We show that the observable event histories at the micro-level are sample semi-Markovian. We provide, for the first time, sufficient and necessary conditions under which the destination-specific hazard functions belong to the proportional hazard family. We propose a computing algorithm for statistical inference of the structural parameters from longitudinal survey data.Download Info
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Paper provided by Duke University, Department of Economics in its series Working Papers with number 95-55.Length:
Date of creation: 1995
Date of revision:
Handle: RePEc:duk:dukeec:95-55
Contact details of provider:
Postal: Department of Economics Duke University 213 Social Sciences Building Box 90097 Durham, NC 27708-0097
Phone: (919) 660-1800
Fax: (919) 684-8974
Web page: http://econ.duke.edu/
Related research
Keywords:Find related papers by JEL classification:
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Mark Yuying An, 1996.
"Semiparametric Estimation of Willingness to Pay Distributions,"
Econometrics
9611001, EconWPA.
- An, Mark Yuying, 1996. "Semiparametric Estimation of Willingness to Pay Distributions," Working Papers 96-20, Duke University, Department of Economics.
- Mark Yuying An & Ming Liu, 2000.
"Using Indirect Inference To Solve The Initial-Conditions Problem,"
The Review of Economics and Statistics,
MIT Press, vol. 82(4), pages 656-667, November.
- Mark Yuying An & Ming Liu, 1996. "Using Indirect Inference to Solve the Initial Conditions Problem," Econometrics 9611004, EconWPA.
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