PPML Estimation of Dynamic Discrete Choice Models with Aggregate Shocks
This paper introduces a computationally efficient method for estimating structural parameters of dynamic discrete choice models with large choice sets. The method is based on Poisson pseudo maximum likelihood (PPML) regression, which is widely used...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/06/17849032/ppml-estimation-dynamic-discrete-choice-models-aggregate-shocks http://hdl.handle.net/10986/15841 |