Abstract
Mayer and Dorsey (1998) [Mayer, W.J., Dorsey, R.E., 1998. Maximum score estimation of disequilibrium models and the role of anticipatory price-setting. Journal of Econometrics, 87, 1–4] propose a maximum score estimator for disequilibrium models with anticipatory pricing models. Here I prove consistency under assumptions that allow for more general price adjustment processes. I also show that the smoothing function used in Mayer and Dorsey (1998) can be replaced with a simpler function that requires fewer arbitrary choices by the researcher.
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