This volume of Advances in Econometrics focuses on recent developments in the use of structural econometric models in empirical economics. The papers in this volume are divided in to three broad groups. The first part looks at recent developments in the estimation of dynamic discrete choice models. This includes using new estimation methods for these models based on Euler equations, estimation using sieve approximation of high dimensional state space, the identification of Markov dynamic games with persistent unobserved state variables and developing test of monotone comparative static in models of multiple equilibria. The second part looks at recent advances in the area empirical matching models. The papers in this section look at developing estimators for matching models based on stability conditions, estimating matching surplus functions using generalized entropy functions, solving for the fixed point in the Choo-Siow matching model using a contraction mapping formulation. While the issue of incomplete, or partial identification of model parameters is touched upon in some of the foregoing chapters, two chapters focus on this issue, in the context of testing for monotone comparative statics in models with multiple equilibria, and estimation of supermodular games under the restrictions that players' strategies be rationalizable. The last group of three papers looks at empirical applications using structural econometric models. Two application applies matching models to solve endogenous matching to the loan spread equation and to endogenize marriage in the collective model of intrahousehold allocation. Another applications looks at market power of condominium developers in the Japanese housing market in the 1990s.
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Eugene Choo - University of Calgary, AB, Canada
Matthew Shum - California Institute of Technology, Pasadena, USA
This work details recent developments in the use of structural econometrics models in empirical economics. Part 1 focuses on structural dynamic models, looking at developments in the estimation of dynamic discrete choice models, including new estimation methods for these models based on Euler equations, sieve approximations, and Markov dynamic games. Part 2 describes recent advances in empirical matching models and structural models of games, and Part 3 describes empirical applications using structural economic models. Some specific topics discussed include identification of dynamic games with serially correlated unobservables, estimation of the loan spread equation with endogenous bank-firm matching, a test for monotone comparative statics, and partial identification in two-sided matching models. The book is distributed in North America by Turpin Distribution. --Annotation ©2014 Ringgold Inc. Portland, OR (protoview.com)
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