https://www.khaichiong.com/tags/econometrics/EconometricsHugoBlox Kit (https://hugoblox.com)en-usTue, 01 Mar 2016 00:00:00 +0000https://www.khaichiong.com/media/icon_hu_da05098ef60dc2e7.pnghttps://www.khaichiong.com/tags/econometrics/https://www.khaichiong.com/publications/duality-dynamic-discrete-choice-models/Tue, 01 Mar 2016 00:00:00 +0000https://www.khaichiong.com/publications/duality-dynamic-discrete-choice-models/<p><em>Duality in Dynamic Discrete Choice Models</em> explores the relationship between choice probabilities and value functions in dynamic discrete choice models. By exploiting convex analysis, the authors derive a dual representation that simplifies computation and facilitates counterfactual analysis. The framework contributes to empirical work in industrial organization and dynamic decision-making.</p>