%0 Journal Article
%@ 1869-4187
%A Jochmans, Koen
%D 2023
%F publications:48570
%I Springer
%J Journal of the Spanish Economic Association
%K Asymptotic bias
%K Dyadic data
%K Fixed effects
%K Undirected random graph
%P 417-433
%R 10.1007/s13209-023-00284-0
%T Modified-likelihood estimation  of fixed-effect model for dyadic data
%U https://publications.ut-capitole.fr/id/eprint/48570/
%V vol.14
%X We consider point estimation and inference based on modifications of the profile likelihood in models for dyadic interactions between n agents featuring agent-specific parameters. The maximum-likelihood estimator of such models has bias and standard deviation of order  n-1  and so is asymptotically biased. Estimation based on modified likelihoods leads to estimators that are asymptotically unbiased and likelihood ratio tests that exhibit correct size.