The Identification and Economic Content of Ordered Choice Models with Stochastic Thresholds
James Heckman and
Salvador Navarro ()
No 340, NBER Technical Working Papers from National Bureau of Economic Research, Inc
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)
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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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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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