The Review of Economics and Statistics Vol. 76 No. 4 1994
Estimation by Simulation
Abstract
The authors extend Daniel McFadden's (1989) method of simulated moments to approximating efficient estimators in general estimation problems. The general approach applies a simulated bias correction to an approximation of the efficient score. They discuss a general trade-off in estimator inefficiency between bias correction and moment approximation.
- DOI
- 10.2307/2109765
- Volume
- 76
- Issue
- 4
- Pages
- 591
- Sources
- crossref openalex