Monfardini, Chiara; Silva, Joao Santos - In: Economics Bulletin 3 (2008) 28, pp. 1-9
It is well known that, in a multinomial probit, only the covariance matrix of the location and scale normalized utilities are identified. In this note, we explore the relation between these identifiable parameters and the original elements of the covariance matrix, to find out what can be learnt...
