7 papers
Lagrange multipliers in Maximum likelihood estimations and Least squares problems with Constraints
Takeshi Fukasawa
This study investigates a statistical property of Lagrange multipliers in constrained Maximum Likelihood Estimation (MLE) and Least Squares (LS) problems from the perspective of nu…
Sequential algorithm for structural estimations with equilibrium constraints
Takeshi Fukasawa
This study examines sequential algorithms with the Zero Jacobian Property (ZJP) for estimating structural models subject to equilibrium constraints. For the Maximum Likelihood Esti…
When do firms sell high durability products? The case of light bulb industry
Takeshi Fukasawa
This study empirically investigates firms' incentives on the choice of product durability, and its social optimality, by developing a dynamic structural model of durable goods with…
Jacobian-free Efficient Pseudo-Likelihood (EPL) Algorithm
Takeshi Fukasawa
This study proposes a simple procedure to compute Efficient Pseudo Likelihood (EPL) estimator proposed by Dearing and Blevins (2024) for estimating dynamic discrete games, without…
Computationally Efficient Methods for Solving Discrete-time Dynamic models with Continuous Actions
Takeshi Fukasawa
This study investigates computationally efficient algorithms for solving discrete-time infinite-horizon single-agent/multi-agent dynamic models with continuous actions. It shows th…
Fast and simple inner-loop algorithms of static / dynamic BLP estimations
Takeshi Fukasawa
This study investigates computationally efficient inner-loop algorithms for estimating static/dynamic BLP models. It provides the following ideas for reducing the number of inner-l…