@article{115771,
  keywords = {Distributed Correlated Disturbance Terms and Inferential Problems in Single Equation Models},
  author = {Bo E. Honor{\'e}},
  title = {Simple Estimation of a Duration Model with Unobserved Heterogeneity},
  abstract = {<p>This paper presents a simple estimator of the shape parameter in a Weibull duration model with unobserved heterogeneity. The estimator is consistent and asymptotically normal under mild conditions, and a consistent estimator of the asymptotic variance is available. A Monte Carlo study indicates that the asymptotic distribution of the estimator provides a good approximation to the finite sample distribution. The estimation strategy can be extended to a model with regressors and to a log-logistic model with unobserved heterogeneity. The advantages of the estimator are that it is easy to calculate and that its asymptotic distribution can be derived.</p>
},
  year = {1990},
  journal = {Econometrica},
  volume = {58},
  pages = {453-73},
  month = {03/1990},
  url = {https://www.jstor.org/stable/2938211},
  language = {eng},
}