  The goal of this paper is to provide a cohesive description and a critical
comparison of the main estimators proposed in the literature for spatial binary
choice models. The properties of such estimators are investigated using a
theoretical and simulation study. To the authors' knowledge, this is the first
paper that provides a comprehensive Monte Carlo study of the estimators'
properties. This simulation study shows that the Gibbs estimator Le Sage (2000)
performs best for low spatial autocorrelation, while the Recursive Importance
Sampler Beron & Vijverberg (2004) performs best for high spatial
autocorrelation. The same results are obtained by increasing the sample size.
Finally, the linearized General Method of Moments estimator Klier & McMillen
(2008) is the fastest algorithm that provides accurate estimates for low
spatial autocorrelation and large sample size.
