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THE IDENTIFICATION AND ECONOMIC CONTENT OF ORDERED CHOICE MODELS WITH STOCHASTIC THRESHOLDS

Flavio Cunha, James Heckman and Salvador Navarro ()

International Economic Review, 2007, vol. 48, issue 4, 1273-1309

Abstract: This article 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. Copyright 2007 by the Economics Department Of The University Of Pennsylvania And Osaka University Institute Of Social And Economic Research Association.

Date: 2007
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Working Paper: The Identification and Economic Content of Ordered Choice Models with Stochastic Thresholds (2007) Downloads
Working Paper: The Identification and Economic Content of Ordered Choice Models with Stochastic Thresholds (2007) Downloads
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