The Identification & Economic Content of Ordered Choice Models with Stochastic Thresholds
James Heckman and
Salvador Navarro ()
No 200726, Working Papers from Geary Institute, University College Dublin
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)
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Persistent link: https://EconPapers.repec.org/RePEc:ucd:wpaper:200726
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