Estimation by Simulation
The Review of Economics and Statistics
1994
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. Copyright 1994 by MIT Press.
- DOI
- 10.2307/2109765
- Volume
- 76 (4)
- Pages
- 591
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