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

Flavio Cunha, James J. Heckman and Salvador Navarro

No 200726, Working Papers from Geary Institute, University College Dublin

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 general- ization of the GAFT (MPH) framework for discrete duration data that jointly models durations and outcomes associated with different stopping times. We establish con- ditions 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.

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JEL-codes: C31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm and nep-ecm
Date: 2007-07-16
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