| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14447 |
| DP14447 Identification of intertemporal preferences in history-dependent dynamic discrete choice models | |
| Pasquale Schiraldi; Matthew R. Levy | |
| 发表日期 | 2020-02-26 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study the identification of intertemporal preferences in a stationary dynamic discrete decision model. We propose a new approach which focuses on problems which are intrinsically dynamic: either there is endogenous variation in the choice set, or preferences depend directly on the history. History dependence links the choices of the decision-maker across periods in a more fundamental sense standard dynamic discrete choice models typically assume. We consider both exponential discounting as well as the quasi-hyperbolic discounting models of time preferences. We show that if the utility function or the choice set depends on the current states as well as the past choices and/or states, then time preferences are non-parametrically point-identified separately from the utility function under mild conditions on the data and we may also recover the instantaneous utility function without imposing any normalization on the utility across states. |
| 主题 | Industrial Organization |
| 关键词 | Dynamic discrete choice Identification Time preferences Quasi-hyperbolic discounting |
| URL | https://cepr.org/publications/dp14447 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543345 |
| 推荐引用方式 GB/T 7714 | Pasquale Schiraldi,Matthew R. Levy. DP14447 Identification of intertemporal preferences in history-dependent dynamic discrete choice models. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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