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Two-Stage Maximum Score Estimator

Wayne Yuan Gao, Sheng Xu, Kan Xu

arXiv 7 Sep 2020 · Econometrics · 2 citations (OpenAlex)

arXiv:2009.02854 · PDF · DOI · OpenAlex · Extracted main text

Abstract

This paper considers the asymptotic theory of a semiparametric M-estimator that is generally applicable to models that satisfy a monotonicity condition in one or several parametric indexes. We call the estimator two-stage maximum score (TSMS) estimator since our estimator involves a first-stage nonparametric regression when applied to the binary choice model of Manski (1975, 1985). We characterize the asymptotic distribution of the TSMS estimator, which features phase transitions depending on the dimension and thus the convergence rate of the first-stage estimation. Effectively, the first-stage nonparametric estimator serves as an imperfect smoothing function on a non-smooth criterion function, leading to the pivotality of the first-stage estimation error with respect to the second-stage convergence rate and asymptotic distribution

Citation extraction

28
references
90
in-text mentions
28
distinct cited
2
self-citations
10,994
main-text words

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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Manski, C. F (1975) Maximum score estimation of the stochastic utility model of choice1.00063100%
2Manski, C. F (1985) Semiparametric analysis of discrete response: Asymptotic properties of the maximum score estimator1.00063100%
3Horowitz, J. L (1992) A smoothed maximum score estimator for the binary response model0.97715393%
4Chen, X., O. Linton, and I. Van Keilegom (2003) Estimation of semiparametric models when the criterion function is not smooth0.8947371%
5Kim, J. and D. Pollard (1990) Cube root asymptotics0.87482100%
6Seo, M. H. and T. Otsu (2018) Local M-estimation with discontinuous criterion for dependent and limited observations0.87462100%
7Delsol, L. and I. Van Keilegom (2020) Semiparametric M-estimation with non-smooth criterion functions0.8434375%
8Gao, W. Y. and M. Li (2020) Robust Semiparametric Estimation in Panel Multinomial Choice Models self0.81142100%
9Newey, K. and D. McFadden (1994) Large sample estimation and hypothesis testing0.81142100%
10Kosorok, M. R (2008) Introduction to empirical processes and semiparametric inference0.7946450%

Showing the top 10 of 28 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Logical Differencing in Dyadic Network Formation Models with Nontransferable Utilities0.40511
2A Bayesian Perspective on the Maximum Score Problem0.40511
3Binary Classification with the Maximum Score Model and Linear Programming0.40511