Estimation of Multi-Market Fix-Price Models: An Application of Pseudo Maximum Likelihood Methods

DOI10.2307/1913774zbMath0672.62107OpenAlexW1964727757MaRDI QIDQ3825986

Guy Laroque, Bernard Salanié

Publication date: 1989

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1913774

zbMATH Keywords

disaggregationMonte-Carlo simulationsendogenous variablesfirst and second order momentsfull information maximum likelihoodcanonical disequilibrium modelPML methodFIML proceduremacroeconomic multi-market fix-price modelsmicro marketspseudo likelihood function

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Microeconomic theory (price theory and economic markets) (91B24) Statistical methods; economic indices and measures (91B82)

Related Items (7)

Estimating the canonical disequilibrium model. Asymptotic theory and finite sample properties ⋮ The decline in capital-skill complementarity ⋮ Unit root econometrics and economic nonlinearities ⋮ A NONPARAMETRIC SIMULATED MAXIMUM LIKELIHOOD ESTIMATION METHOD ⋮ Higher-order properties of approximate estimators ⋮ Simulation-based inference. A survey with special reference to panel data models ⋮ Structural change tests for simulated method of moments.

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