Maximum Simulated Likelihood Methods and Applications
Maximum Simulated Likelihood Methods and Applications

Maximum Simulated Likelihood Methods and Applications


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About the Book

This volume is a collection of methodological developments and applications of simulation-based methods that were presented at a workshop at Louisiana State University in November, 2009. The first two papers are extensions of the GHK simulator: one reconsiders the computation of the probabilities in a discrete choice model while another example uses an adaptive version of sparse-grids integration (SGI) instead of simulation. Two studies are focused specifically on the methodology: the first compares the performance of the maximum-simulated likelihood (MSL) approach with a proposed composite marginal likelihood (CML) approach in multivariate ordered-response situations, while the second examines methods of testing for the presence of heterogeneity in the heterogeneity model. Further topics examined include: education savings accounts, parent contributions and education attainment; estimating the effect of exchange rate flexibility on financial account openness; estimating a fractional response model with a count endogenous regressor; and modelling and forecasting volatility in a bayesian approach.


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Product Details
  • ISBN-13: 9780857241498
  • Publisher: Emerald Group Publishing
  • Publisher Imprint: Emerald Group Publishing
  • Depth: 32
  • Language: English
  • Returnable: N
  • Spine Width: 33 mm
  • Width: 157 mm
  • ISBN-10: 0857241494
  • Publisher Date: 07 Dec 2010
  • Binding: Hardback
  • Height: 231 mm
  • No of Pages: 356
  • Series Title: Advances in Econometrics
  • Weight: 707 gr


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