Atwood, Joseph A.; Bittinger, Alison; Smith, Vincent H. - Department of Applied Economics, College of … - 2013
We demonstrate that Theil-type variance corrections are required to obtain consistent marginal effect estimates in Nelson-Olsen's two-stage limited dependent variable (2SLDV) model. As Theil's residuals-based corrections are infeasible with 2SLDV, we present variance correction procedures shown...
