Estimating Spatial Models Within A Disequilibrium Framework
提出一个结合不均衡理论与空间计量经济学的理论模型,并利用EM算法进行估计,最后用英国中学入学数据验证了该方法。
Modeling demand in a spatial context requires careful handling of regional interactions. In situations where there are constraints in some markets that lead to spillovers to others it is useful to build this explicitly into the model. In this paper I present a theoretical model that is related to the disequilibrium and the spatial econometric literature. Under certain conditions the model may be estimable and an appropriate estimation technique that uses the EM algorithm, is put forward. A data set from the U.K. market for secondary school places provides a test for the procedure.