ECON 710 Midterm: ECON 710 UW Madison Midterm 2003a

16 views2 pages
31 Jan 2019
Department
Course
Professor

Document Summary

Sample answers: substituting in y = x + e and = cn we see. = c (q + cik) 1 6= (q + cik) 1 q n n. X 0e : the moment conditions are g (wi, , ) = . The sample average is xi (yi x0 i (yi x0 i ) i )2 ! 1 n gn ( , ) = g (wi, , ) The mme ( , ) sets gn( , ) = 0. From (1) we see = (x 0x) 1 (x 0y ) . In this model, these estimators are e cient in the sense of asymptotic semi- where ei = yi x0 parametric e ciency no other consistent estimator has a lower asymptotic variance. We know this is true because in just-identi ed moment models, where the is no information other than the stated moments, the mme is semi-parametrically e cient: by the delta method, the asymptotic distribution of is where.

Get access

Grade+
$40 USD/m
Billed monthly
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
10 Verified Answers

Related Documents

Related Questions