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作者：Beare, Brendan K.; Franchi, Massimo; Howlett, Phil
作者单位：University of Sydney; Sapienza University Rome; Adelaide University; University of South Australia
摘要：We provide a complete description of the set of all solutions to a vector autoregressive law of motion. Every solution is shown to be the sum of three components, each corresponding to a directed flow of time. One component flows forward from the arbitrarily distant past, one flows backward from the arbitrarily distant future, and one flows outward from time zero. The three components are obtained by applying three complementary spectral projections to the solution, these corresponding to a se...
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作者：Hwang, Yujung
作者单位：Johns Hopkins University
摘要：Traditional dynamic discrete choice model-Conditional Choice Probability estimator (DDCM-CCP) literature considered identification using the likelihood of longitudinal choice only. However, such an approach has a limitation in identifying flexible dynamics for latent state due to the discrete and typically small-dimensional nature of choice. This paper extends this literature to utilize imperfect measurements, called proxies, for a latent discrete state. I first show that proxies improve ident...
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作者：Blevins, Jason R.
作者单位：University System of Ohio; Ohio State University
摘要：This paper considers the theoretical, computational, and econometric properties of continuous-time dynamic discrete choice games with stochastically sequential moves, introduced by Arcidiacono, Bayer, Blevins, and Ellickson (2016). We consider identification of the rate of move arrivals, which was assumed to be known in previous work, as well as a generalized version with heterogeneous move arrival rates. We reestablish conditions for existence of a Markov perfect equilibrium in the generalize...
