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Persistent link: https://www.econbiz.de/10001704363
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It is well known that, in a multinomial probit, only the covariance matrix of the location and scale normalized utilities are identified. In this study, we explore the relation between these identifiable parameters and the original elements of the covariance matrix, to find out what can be...
Persistent link: https://www.econbiz.de/10011651452