A Monte Carlo Analysis of Alternative Estimators in Models Involving Selectivity
含选择性模型中替代估计量的蒙特卡洛分析
In a simultaneous-equation model involving selectivity, Monte Carlo and response-surface techniques are used to assess the performance of five estimators commonly applied to a behavioral equation conditioned on an endogenous binary selectivity decision. The estimators include least squares with an exogenous dummy variable for the selectivity decision, three two-stage estimators that employ the estimated probability of the selectivity decision, and full information maximum…