Simulation-based estimation of dynamic models with continuous equilibrium solutions
The author presents a fairly systematic study of consistency properties of some simulation-based estimators for two families of continuous dynamical systems singled out by Dubins and Freedman. The consistency of these estimators for contractive systems has been explored by Duffie and Singleton, and for monotone systems by Santos. The author develops in the paper some analytical methods that improve substantially the consistency results of these two papers. These results are proved under weaker assumptions, and are extended to constrained estimation and to the convergence of estimates from numerical approximations.
scientific article; zbMATH DE number 2092970
scientific article