CORDIS Project
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This project focuses on improving structural economic models by developing new methods for identifying, estimating, and testing model components. It emphasizes nonparametric techniques and aims to enhance the implementation of these models through empirical applications.
Structural economic models are getting increasingly complex.
This complicates their implementation.
In particular, for many models, (i) identification of the relevant components from data is still unresolved; (ii) estimation and testing procedures tend to be somewhat ad hoc and with no theoretical underpinning; (iii) the implementation of model and estimators often require numerical approximations since model solutions are not available on closed form.The proposed research aims at addressing the…
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