Entropy 2012, 14(7), 1165-1185; doi:10.3390/e14071165
Article

Information Theory Estimators for the First-Order Spatial Autoregressive Model

1email, 2,* email and 2email
Received: 25 May 2012; in revised form: 29 June 2012 / Accepted: 30 June 2012 / Published: 4 July 2012
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract: Information theoretic estimators for the first-order spatial autoregressive model are introduced, small sample properties are investigated, and the estimator is applied empirically. Monte Carlo experiments are used to compare finite sample performance of more traditional spatial estimators to three different information theoretic estimators, including maximum empirical likelihood, maximum empirical exponential likelihood, and maximum log Euclidean likelihood. Information theoretic estimators are found to be robust to selected specifications of spatial autocorrelation and may dominate traditional estimators in the finite sample situations analyzed, except for the quasi-maximum likelihood estimator which competes reasonably well. The information theoretic estimators are illustrated via an application to hedonic housing pricing.
Keywords: information theoretic estimators; first order spatial autocorrelation; maximum empirical likelihood; maximum empirical exponential likelihood; maximum log-Euclidean likelihood; finite sample properties
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MDPI and ACS Style

Perevodchikov, E.V.; Marsh, T.L.; Mittelhammer, R.C. Information Theory Estimators for the First-Order Spatial Autoregressive Model. Entropy 2012, 14, 1165-1185.

AMA Style

Perevodchikov EV, Marsh TL, Mittelhammer RC. Information Theory Estimators for the First-Order Spatial Autoregressive Model. Entropy. 2012; 14(7):1165-1185.

Chicago/Turabian Style

Perevodchikov, Evgeniy V.; Marsh, Thomas L.; Mittelhammer, Ron C. 2012. "Information Theory Estimators for the First-Order Spatial Autoregressive Model." Entropy 14, no. 7: 1165-1185.

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