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• W3122150532 abstract "We describe an intuitive, simple, and systematic approach to generating moment conditions for generalized method of moments (GMM) estimation of the parameters of a structural model. The idea is to use the score of a density that has an analytic expression to define the GMM criterion. The auxiliary model that generates the score should closely approximate the distribution' of the observed data but is not required to nest it. If the auxiliary model nests the structural model then the estimator is as efficient as maximum likelihood. The estimator is advantageous when expectations under a structural model can be computed by simulation, by quadrature, or by analytic expressions but the likelihood cannot be computed easily." @default.
• W3122150532 created "2021-02-01" @default.
• W3122150532 creator A5009163883 @default.
• W3122150532 creator A5086038624 @default.
• W3122150532 date "1996-10-01" @default.
• W3122150532 modified "2023-10-14" @default.
• W3122150532 title "Which Moments to Match?" @default.
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• W3122150532 doi "https://doi.org/10.1017/s0266466600006976" @default.
• W3122150532 hasPublicationYear "1996" @default.
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