Semiparametric efficiency bounds for microeconometric models: A survey

Thomas A. Severini, Gautam Tripathi

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

In this survey, we evaluate estimators by comparing their asymptotic variances. The role of the efficiency bound, in this context, is to give a lower bound to the asymptotic variance of an estimator. An estimator with asymptotic variance equal to the efficiency bound can therefore be said to be asymptotically efficient. These bounds are also useful for understanding how the features of a given model affect the accuracy of parameter estimation.

Original languageEnglish (US)
Pages (from-to)163-397
Number of pages235
JournalFoundations and Trends in Econometrics
Volume6
Issue number3-4
DOIs
StatePublished - 2013

ASJC Scopus subject areas

  • Economics and Econometrics

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