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We formulate and estimate a rigorously justified linear probability model of binary choices over alternatives characterized by unobserved attributes. We apply the model to estimate preferences of congressmen as expressed in their votes on bills. The effective dimension of the attribute space...
Persistent link: https://www.econbiz.de/10014074525
This paper formulates and estimates a rigorously-justified linear probability model of binary choices over alternatives characterized by unobserved attributes. The model is applied to estimate preferences of congressmen as expressed in their votes on bills. The effective dimension of the...
Persistent link: https://www.econbiz.de/10005575082
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