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

Flavio Cunha, James Heckman and Salvador Navarro ()

No 2940, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: ordered choice; discrete choice; dynamics (search for similar items in EconPapers)
JEL-codes: C31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-ecm and nep-ict
Date: 2007-07
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Published in: International Economic Review, 2007, 48(4), 1273-1309

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Related works:
Journal Article: 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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