Overview
Pedro Mira was a professor of economics at CEMFI (Centro de Estudios Monetarios y Financieros) in Madrid. His research focused on structural econometrics, particularly estimation methods for dynamic discrete choice models. He co-developed the NPL algorithm with Victor Aguirregabiria and co-authored the influential 2010 survey in the Journal of Econometrics.
Key Contributions / Features
- NPL algorithm (Aguirregabiria-Mira 2002, Econometrica 70(4):1519–1543): iterative CCP fixed-point procedure with better finite-sample properties than the Hotz-Miller two-step CCP estimator.
- Survey of DDC estimation (Aguirregabiria-Mira 2010, Journal of Econometrics 156:38–67): comprehensive review updating the earlier Eckstein-Wolpin (1989) and Rust (1994a) surveys.
- Applied methodology to bus engine replacement, dynamic entry/exit games, and labor supply.
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