English, Article edition: A HYBRID GENETIC ALGORITHM FOR THE MAXIMUM LIKELIHOOD ESTIMATION OF MODELS WITH MULTIPLE EQUILIBRIA: A FIRST REPORT VICTOR AGUIRREGABIRIA; PEDRO MIRA

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Bookmark: http://trove.nla.gov.au/version/133073
Physical Description
  • article
Language
  • English

Edition details

Title
  • A HYBRID GENETIC ALGORITHM FOR THE MAXIMUM LIKELIHOOD ESTIMATION OF MODELS WITH MULTIPLE EQUILIBRIA: A FIRST REPORT
Author
  • VICTOR AGUIRREGABIRIA
  • PEDRO MIRA
Physical Description
  • article
Notes
  • 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.
  • Genetic algorithms, maximum likelihood estimation, multiple equilibria
  • RePEc:wsi:nmncxx:v:01:y:2005:i:02:p:295-303
Language
  • English
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