# In structural econometrics, what is meant by “simulation variance”

When people speak of "simulation variance", what does this mean? Does simulation variance disappear as $N \rightarrow \infty$?

Are models that have less simulation variance for a fixed N considered more "robust"?

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Could you give references? The only concept I can think of is the error variance, which clearly does not go away when N increases. –  mpiktas Oct 24 '11 at 12:03

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