Approximate Bias Correction in Econometrics
This paper discusses ways to reduce the bias of consistent estimators that are biased in finite samples. It is necessary only that the bias function, which relates parameter values to bias, should be estimable by computer simulation or by some other method. If so, bias can be reduced or even eliminated. Unfortunately, reducing bias may increase the variance of an estimator.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: G.R.E.Q.A.M., (GROUPE DE RECHERCHE EN ECONOMIE QUANTITATIVE D'AIX MARSEILLE), CENTRE DE VIEILLE CHARITE, 2 RUE DE LA CHARITE, 13002 MARSEILLE.|
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