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Semiparametric information bound of dynamic discrete choice models

Author

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  • Buchinsky, Moshe
  • Hahn, Jinyong
  • Kim, Kyoo il

Abstract

We develop a simulation based approach that can determine whether the semiparametric efficiency bound of a dynamic discrete choice model with fixed effects is zero or not. We illustrate the usefulness of our approach by considering a simplified version of Keane and Wolpin's (1997) model, where we show that the semiparametric information is zero.

Suggested Citation

  • Buchinsky, Moshe & Hahn, Jinyong & Kim, Kyoo il, 2010. "Semiparametric information bound of dynamic discrete choice models," Economics Letters, Elsevier, vol. 108(2), pages 109-112, August.
    • Handle: RePEc:eee:ecolet:v:108:y:2010:i:2:p:109-112
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    References listed on IDEAS

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    1. Keane, Michael P & Wolpin, Kenneth I, 1997. "The Career Decisions of Young Men," Journal of Political Economy, University of Chicago Press, vol. 105(3), pages 473-522, June.
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    Cited by:

    1. Christopher Dobronyi & Jiaying Gu & Kyoo il Kim, 2021. "Identification of Dynamic Panel Logit Models with Fixed Effects," Papers 2104.04590, arXiv.org, revised Apr 2021.
    2. Kitazawa, Yoshitsugu, 2022. "Transformations and moment conditions for dynamic fixed effects logit models," Journal of Econometrics, Elsevier, vol. 229(2), pages 350-362.
    3. Yoshitsugu Kitazawa, 2013. "Exploration of dynamic fixed effects logit models from a traditional angle," Discussion Papers 60, Kyushu Sangyo University, Faculty of Economics.

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