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a concentrated, nonlinear information-theoretic estimator for the sample selection model集中,非线性信息理论估计量的样本选择模型
Entropy 2010, 12, 1569-1580; doi:10.3390/
OPEN ACCESS
entropy
ISSN 1099-4300
/journal/entropy
Article
A Concentrated, Nonlinear Information-Theoretic Estimator
for the Sample Selection Model
Amos Golan 1,* and Henryk Gzyl 2
1
Department of Economics and the Info-Metrics Institute, American University, Kreeger Hall 104,
4400 Massachusetts Ave., NW, Washington, DC 20016-8029, USA
2
Centro de Finanzas, IESA, Caracas, Venezuela; E-Mail: henryk.gzyl@.ve
* Author to whom correspondence should be addressed; E-Mail: agolan@.
Received: 16 April 2010; in revised form: 3 June 2001 / Accepted: 11 June 2010 /
Published: 14 June 2010
Abstract: This paper develops a semi-parametric, Information-Theoretic method for
estimating parameters for nonlinear data generated under a sample selection process.
Considering the sample selection as a set of inequalities makes this model inherently
nonlinear. This estimator (i) allows for a whole class of different priors, and (ii) is
constructed as an unconstrained, concentrated model. This estimator is easy to apply and
works well with small or complex data. We provide a number of explicit analytical
examples for different priors’ structures and an empirical example.
Keywords: concentrated model; inequalities; information; maximum entropy; priors;
sample selection
1. Introduction and Basic Model
The sample selection problem appears often
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