01987cam a22002777 4500001000700000003000500007005001700012008004100029100001800070245016400088260006600252490004200318500001400360520079000374530006101164538007201225538003601297690005701333690008301390700002401473700001801497710004201515830007701557856003801634856003701672w10506NBER20141022054903.0141022s2004 mau||||fs|||| 000 0 eng d1 aPakes, Ariel.10aSimple Estimators for the Parameters of Discrete Dynamic Games (with Entry/Exit Samples)h[electronic resource] /cAriel Pakes, Michael Ostrovsky, Steve Berry. aCambridge, Mass.bNational Bureau of Economic Researchc2004.1 aNBER working paper seriesvno. w10506 aMay 2004.3 aThis paper considers the problem of estimating the distribution of payoffs in a discrete dynamic game, focusing on models where the goal is to learn about the distribution of firms' entry and exit costs. The idea is to begin with non parametric first stage estimates of entry and continuation values obtained by computing sample averages of the realized continuation values of entrants who do enter and incumbents who do continue. Under certain assumptions these values are linear functions of the parameters of the problem, and hence are not computationally burdensome to use. Attention is given to the small sample problem of estimation error in the non parametric estimates and this leads to a preference for use of particularly simple estimates of continuation values and moments. aHardcopy version available to institutional subscribers. aSystem requirements: Adobe [Acrobat] Reader required for PDF files. aMode of access: World Wide Web. 7aL10 - General2Journal of Economic Literature class. 7aC51 - Model Construction and Estimation2Journal of Economic Literature class.1 aOstrovsky, Michael.1 aBerry, Steve.2 aNational Bureau of Economic Research. 0aWorking Paper Series (National Bureau of Economic Research)vno. w10506.4 uhttp://www.nber.org/papers/w1050641uhttp://dx.doi.org/10.3386/w10506