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It is quite often in economics that we wish to model a discrete ordered random variable, such as bond ratings, employment status, consumption levels and so on. However, traditional approaches to modelling such a discrete ordered random variable ignore both the potential build-up of zero...
Persistent link: https://www.econbiz.de/10005170367
The adverse effects of excessive alcohol consumption are well-known. Of great concern to policy makers is to understand the potentially different drivers for consumers of different levels of alcohol consumption. Using unit record data from the Australian Drug Strategy Household Surveys, this...
Persistent link: https://www.econbiz.de/10005702599
-identified models, we describe a bounds approach to the second step estimation. For identified models, the second step estimator is a …
Persistent link: https://www.econbiz.de/10005129809
discussion of identification and estimation of hierarchical equilibrium models in a semi-parametric framework. We show that a …
Persistent link: https://www.econbiz.de/10005699684