Corpus ID: 158047040

A Comment on "Estimating Dynamic Discrete Choice Models with Hyperbolic Discounting" by Hanming Fang and Yang Wang

@inproceedings{Abbring2019ACO,
  title={A Comment on "Estimating Dynamic Discrete Choice Models with Hyperbolic Discounting" by Hanming Fang and Yang Wang},
  author={Jaap H. Abbring and Oystein Daljord},
  year={2019}
}
  • Jaap H. Abbring, Oystein Daljord
  • Published 2019
  • Mathematics, Economics
  • The recent literature often cites Fang and Wang (2015) for analyzing the identification of time preferences in dynamic discrete choice under exclusion restrictions (e.g. Yao et al., 2012; Lee, 2013; Ching et al., 2013; Norets and Tang, 2014; Dube et al., 2014; Gordon and Sun, 2015; Bajari et al., 2016; Chan, 2017; Gayle et al., 2018). Indeed, Fang and Wang's Proposition 2 claims generic identification of a dynamic discrete choice model with hyperbolic discounting. However, this claim uses a… CONTINUE READING

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