Estimating finite-horizon life-cycle models: A quasi-Bayesian approach
This paper proposes a quasi-Bayesian approach for structural parameters in finite-horizon life-cycle models. This approach circumvents the numerical evaluation of the gradient of the objective function and alleviates the local optimum problem. The asymptotic normality of the estimators with and with...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2017
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/2307 https://ink.library.smu.edu.sg/context/soe_research/article/3306/viewcontent/20171129.pdf |
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| Institution: | Singapore Management University |
| Language: | English |