2 papers
econ.EM2019
Nonparametric Estimation of the Random Coefficients Model: An Elastic Net Approach
Florian Heiss, Stephan Hetzenecker, Maximilian Osterhaus
This paper investigates and extends the computationally attractive nonparametric random coefficients estimator of Fox, Kim, Ryan, and Bajari (2011). We show that their estimator is…
econ.EM2019
Maximum Approximated Likelihood Estimation
Michael Griebel, Florian Heiss, Jens Oettershagen +1
Empirical economic research frequently applies maximum likelihood estimation in cases where the likelihood function is analytically intractable. Most of the theoretical literature…