Duality In Dynamic Discrete Choice Models PDF Download
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Author | : Khai Chiong |
Publisher | : |
Total Pages | : 42 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download Duality in Dynamic Discrete Choice Models Book in PDF, ePub and Kindle
Using results from convex analysis, we investigate a novel approach to identification and estimation of discrete choice models which we call the “Mass Transport Approach” (MTA). We show that the conditional choice probabilities and the choice specific payoffs in these models are related in the sense of conjugate duality, and that the identification problem is a mass transport problem. Based on this, we propose a new two-step estimator for these models; interestingly, the first step of our estimator involves solving a linear program which is identical to the classic assignment (two-sided matching) game of Shapley and Shubik (1971). The application of convex-analytic tools to dynamic discrete choice models, and the connection with two-sided matching models, is new in the literature.
Author | : Selin Akca |
Publisher | : |
Total Pages | : 131 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Essays on Dynamic Discrete Choice Models Book in PDF, ePub and Kindle
Author | : Eliza Da Silva Gomes |
Publisher | : |
Total Pages | : |
Release | : 2021 |
Genre | : |
ISBN | : |
Download Essays on Dynamic Discrete Choice Models Book in PDF, ePub and Kindle
Author | : Ali Hortaçsu |
Publisher | : Princeton University Press |
Total Pages | : 281 |
Release | : 2023-10-24 |
Genre | : Business & Economics |
ISBN | : 0691251002 |
Download Structural Econometric Modeling in Industrial Organization and Quantitative Marketing Book in PDF, ePub and Kindle
A concise and rigorous introduction to widely used approaches in structural econometric modeling Structural econometric modeling specifies the structure of an economic model and estimates the model’s parameters from real-world data. Structural econometric modeling enables better economic theory–based predictions and policy counterfactuals. This book offers a primer on recent developments in these modeling techniques, which are used widely in empirical industrial organization, quantitative marketing, and related fields. It covers such topics as discrete choice modeling, demand modes, estimation of the firm entry models with strategic interactions, consumer search, and theory/empirics of auctions. The book makes highly technical material accessible to graduate students, describing key insights succinctly but without sacrificing rigor. • Concise overview of the most widely used structural econometric models • Rigorous and systematic treatment of the topics, emphasizing key insights • Coverage of demand estimation, estimation of static and dynamic game theoretic models, consumer search, and auctions • Focus on econometric models while providing concise reviews of relevant theoretical models
Author | : Matthew Shum |
Publisher | : World Scientific |
Total Pages | : 154 |
Release | : 2016-12-14 |
Genre | : Business & Economics |
ISBN | : 981310967X |
Download Econometric Models For Industrial Organization Book in PDF, ePub and Kindle
Economic Models for Industrial Organization focuses on the specification and estimation of econometric models for research in industrial organization. In recent decades, empirical work in industrial organization has moved towards dynamic and equilibrium models, involving econometric methods which have features distinct from those used in other areas of applied economics. These lecture notes, aimed for a first or second-year PhD course, motivate and explain these econometric methods, starting from simple models and building to models with the complexity observed in typical research papers. The covered topics include discrete-choice demand analysis, models of dynamic behavior and dynamic games, multiple equilibria in entry games and partial identification, and auction models.
Author | : H.N. Weddepohl |
Publisher | : |
Total Pages | : 172 |
Release | : 1970 |
Genre | : |
ISBN | : |
Download Axiomatic choice models Book in PDF, ePub and Kindle
Author | : H.N. Weddepohl |
Publisher | : |
Total Pages | : |
Release | : 1970 |
Genre | : |
ISBN | : |
Download Axiomatec choice models and duality Book in PDF, ePub and Kindle
Author | : Claus Weddepohl |
Publisher | : |
Total Pages | : 172 |
Release | : 1970 |
Genre | : |
ISBN | : |
Download Axiomatic choice models and duality Book in PDF, ePub and Kindle
Author | : H. N. Weddepohl |
Publisher | : |
Total Pages | : |
Release | : |
Genre | : Choice (Psychology) |
ISBN | : |
Download Axiomatic choice models and duality, pref Book in PDF, ePub and Kindle
Author | : Alfred Galichon |
Publisher | : Princeton University Press |
Total Pages | : 184 |
Release | : 2018-08-14 |
Genre | : Business & Economics |
ISBN | : 0691183465 |
Download Optimal Transport Methods in Economics Book in PDF, ePub and Kindle
Optimal Transport Methods in Economics is the first textbook on the subject written especially for students and researchers in economics. Optimal transport theory is used widely to solve problems in mathematics and some areas of the sciences, but it can also be used to understand a range of problems in applied economics, such as the matching between job seekers and jobs, the determinants of real estate prices, and the formation of matrimonial unions. This is the first text to develop clear applications of optimal transport to economic modeling, statistics, and econometrics. It covers the basic results of the theory as well as their relations to linear programming, network flow problems, convex analysis, and computational geometry. Emphasizing computational methods, it also includes programming examples that provide details on implementation. Applications include discrete choice models, models of differential demand, and quantile-based statistical estimation methods, as well as asset pricing models. Authoritative and accessible, Optimal Transport Methods in Economics also features numerous exercises throughout that help you develop your mathematical agility, deepen your computational skills, and strengthen your economic intuition. The first introduction to the subject written especially for economists Includes programming examples Features numerous exercises throughout Ideal for students and researchers alike