2 papers
econ.EM2019
Solving Dynamic Discrete Choice Models Using Smoothing and Sieve Methods
Dennis Kristensen, Patrick K. Mogensen, Jong Myun Moon +1
We propose to combine smoothing, simulations and sieve approximations to solve for either the integrated or expected value function in a general class of dynamic discrete choice (D…
econ.EM2018
Solving Dynamic Discrete Choice Models: Integrated or Expected Value Function?
Patrick Kofod Mogensen
Dynamic Discrete Choice Models (DDCMs) are important in the structural estimation literature. Since the structural errors are practically always continuous and unbounded in nature,…