Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 14, 2023 erstellt
Beschreibung:
In this note, we propose an estimator for continuous-choice dynamic structural models. Our approach expands the class of models that can be estimated using the GMM methods in Hansen and Singleton (1982) by leveraging a theoretical result on stochastic Euler equations from Acemoglu (2009). We demonstrate our approach by recovering the parameters of the reservoir manager’s dynamic decision problem