The Identification and Economic Content of Ordered Choice Models with Stochastic Thresholds

Flavio Cunha, James J. Heckman and Salvador Navarro

No 340, NBER Technical Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper extends the widely used ordered choice model by introducing stochastic thresholds and interval-specific outcomes. The model can be interpreted as a generalization of the GAFT (MPH) framework for discrete duration data that jointly models durations and outcomes associated with different stopping times. We establish conditions for nonparametric identification. We interpret the ordered choice model as a special case of a general discrete choice model and as a special case of a dynamic discrete choice model.

JEL-codes: C31 (search for similar items in EconPapers)
Date: 2007-07
New Economics Papers: this item is included in nep-dcm, nep-ecm and nep-ict
Note: TWP
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Citations: View citations in EconPapers (44)

Published as THE IDENTIFICATION AND ECONOMIC CONTENT OF ORDERED CHOICE MODELS WITH STOCHASTIC THRESHOLDS† Flavio Cunha, James J. Heckman, Salvador Navarro‡ Article first published online: 11 DEC 2007 DOI: 10.1111/j.1468-2354.2007.00462.x International Economic Review Volume 48, Issue 4, pages 1273–1309, November 2007

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Related works:
Journal Article: THE IDENTIFICATION AND ECONOMIC CONTENT OF ORDERED CHOICE MODELS WITH STOCHASTIC THRESHOLDS (2007)
Working Paper: The Identification and Economic Content of Ordered Choice Models with Stochastic Thresholds (2007)
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