A HYBRID GENETIC ALGORITHM FOR THE MAXIMUM LIKELIHOOD ESTIMATION OF MODELS WITH MULTIPLE EQUILIBRIA: A FIRST REPORT
2005 ◽
Vol 01
(02)
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pp. 295-303
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Keyword(s):
This paper presents a hybrid genetic algorithm to obtain maximum likelihood estimates of parameters in structural econometric models with multiple equilibria. The algorithm combines a pseudo maximum likelihood (PML) procedure with a genetic algorithm (GA). The GA searches globally over the large space of possible combinations of multiple equilibria in the data. The PML procedure avoids the computation of all the equilibria associated with every trial value of the structural parameters.
1994 ◽
Vol 18
(2)
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pp. 255-267
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2018 ◽
Vol 202
(1)
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pp. 92-107
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2020 ◽
Vol 9
(1)
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pp. 61-81
2019 ◽
Vol 18
(1)
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2006 ◽
Vol 34
(3)
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pp. 1049-1074
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2018 ◽
Vol 35
(1)
◽
pp. 304-317
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