On uniqueness of the conditional maximum likelihood estimation for a binary panel model
Economics Letters, 2011, vol. 112, issue 2, 148-150
This paper considers an estimation method for a binary panel model with incidental parameters as individual effects. The necessary condition for the conditional maximum likelihood approach proposed byÂ Andersen (1970) is investigated and we show that unique sufficient statistics exist only for logit models in a two-wave panel.
Keywords: Binary; panel; model; Incidental; parameters; Conditional; maximum; likelihood; estimator (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:112:y:2011:i:2:p:148-150
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