A general central limit theorem is proved for estimators defined by minimization of the length of a vector-valued, random criterion function. No smoothness assumptions are imposed on the criterion function, in order that the results might apply to a broad class of simulation estimators. Complete analyses of two simulation estimators, one introduced by Pakes and the other by McFadden, illustrate the application of the general theorems.
MLA
Pakes, Ariel, and David Pollard. “Simulation and the Asymptotics of Optimization Estimators.” Econometrica, vol. 57, .no 5, Econometric Society, 1989, pp. 1027-1057, https://www.jstor.org/stable/1913622
Chicago
Pakes, Ariel, and David Pollard. “Simulation and the Asymptotics of Optimization Estimators.” Econometrica, 57, .no 5, (Econometric Society: 1989), 1027-1057. https://www.jstor.org/stable/1913622
APA
Pakes, A., & Pollard, D. (1989). Simulation and the Asymptotics of Optimization Estimators. Econometrica, 57(5), 1027-1057. https://www.jstor.org/stable/1913622
We are deeply saddened by the passing of Kate Ho, the John L. Weinberg Professor of Economics and Business Policy at Princeton University and a Fellow of the Econometric Society. Kate was a brilliant IO economist and scholar whose impact on the profession will resonate for many years to come.
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