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

descriptionPublicationkeyboard_double_arrow_right Report , Article , Other literature type , Research , Preprint 01 Jan 2007 Ireland Publisher:National Bureau of Economic ResearchJournal:International Economic Review, volume 48, pages 1,273-1,309 (issn: 0020-6598, eissn: 1468-2354,

Copyright policy )Publicly fundedFunded by:NIH | DETERMINANTS AND CONSEQUE...

Authors: Cunha, Flavio; Heckman, James J.; Navarro, Salvador;

doi: 10.3386/t0340 , 10.1111/j.1468-2354.2007.00462.x , 10.2139/ssrn.1006190

handle: 10197/1887 , 10419/34726

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

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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.

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Ireland

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Keywords

Nichtparametrisches Verfahren, Mathematical models, example keyword,example keyword, example keyword, ddc:330, Dynamics, Stochastischer Prozess, Discrete choice, Diskrete Entscheidung, Ordered choice, Discrete choice; Ordered choice; Dynamics; Analysis of variance; Mathematical models, Analysis of variance, C31, Theorie, jel: jel:C31

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