The method of simulated scores for the estimation of LDV models

Article Abstract:

A method of simulated scores (MSS) which assumes the logarithmic derivatives associated with maximum likelihood estimation, particularly in estimating limited dependent variables models (LDV) is presented. Moreover, its asumptotic properties are set up using three simulators for the likelihood scores. The MSS estimators based on simulators GRS and SRC are continuous in the unknown parameters and can then be used. The MSS estimator based on simulator SAR is consistent uniformly asymptotically normal (CUAN) for a finite number of simulations. Simulation estimation methods may be used viably for econometric studies.

Instrumental variables (Statistics), Instrumental variables

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An information-theoretic alternative to generalized method of moments estimation

Article Abstract:

An alternative optimally-weighted generalized method of moments (GMM) model based on Kullback-Leibler Information Criterion (KLIC) is applied in weakly dependent data generating mechanisms. The model uses closeness between measures to obtain a parameter value that will satisfy the moment condition. It is similar to an optimal minimum distance (OMD) and the model's asymptotic covariance matrix. A study of this alternative model suggests further simulation experiments on smaller samples to determine its advantage over OMD estimators.

Entropy (Information theory)

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Collusion under asymmetric information

Article Abstract:

A coalition approach model, used to analyze the efficacy of collusions in organizational communication, showed collusions helped for a better understanding of a firm's internal structure and the allocation of the firm's resources in the presence of a concrete information structure. The study showed a significant degree of risk aversion and competitiveness among the members of the organization. The study also suggested further analysis on conditions where there were incomplete contracting and collusion interactions.

Behavior Theory, Human behavior, Symmetry, Organizational communication

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