Luechinger, Simon; Stutzer, Alois; Winkelmann, Rainer - Forschungsbasierte Infrastruktureinrichtung … - 2008
We discuss a new approach to specifying and estimating ordered probit models with endogenous switching, or with binary endogenous regressor, based on copula functions. These models provide a framework of analysis for self-selection in economic well-being equations, where assigment of regressors...