Empirical applications of discrete choice dynamic programming models

Publication Type:
Journal Article
Review of Economic Dynamics, 2009, 12 (1), pp. 1 - 22
Issue Date:
Filename Description Size
Thumbnail2009000290OK.pdf467.46 kB
Adobe PDF
Full metadata record
The development over the past 25 years of methods for the estimation of discrete choice dynamic programming (DCDP) models opened up new frontiers for empirical research in a host of areas, including labor economics, industrial organization, economic demography, health economics, development economics, political economy and marketing. In this paper, we first describe the development of the DCDP framework, showing how it was a natural extension of static discrete choice modeling. We then summarize six papers that adopt the DCDP paradigm that address substantively important social and economic questions. Finally, we consider the issue of the credibility of empirical findings based on the structural estimation of DCDP models. © 2008 Elsevier Inc. All rights reserved.
Please use this identifier to cite or link to this item: