Template-type: ReDIF-Paper 1.0
Author-Name: Manuel Santos
Author-Email: Manuel.Santos@asu.edu
Author-Homepage: http://wpcarey.asu.edu/Directory/stafffaculty.cfm?cobid=1039501
Author-Workplace-Name: W. P. Carey School of Business Department of Economics
Author-Workplace-Homepage: http://wpcarey.asu.edu/ecn/

Title: Estimation by Simulation of Monotone Dynamical Systems
Abstract: This paper offers a general proof of consistency for the simulated moments estimator in a parameterized family of stochastic models with monotone dynamics. Models with this monotonicity property are frequently encountered in economic applications. The proof of consistency of the estimator draws upon a uniform law of large numbers over a continuum of invariant distributions indexed by the model’s parameters.		
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File-URL:http://wpcarey.asu.edu/tools/mytools/pubs_admin/FILES/monotone decison journal.pdf
File-Format: pdf
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Handle: RePec:asu:wpaper:2133542