The Multinomial Multiperiod Probit Model: Identification and Efficient Estimation
نویسندگان
چکیده
منابع مشابه
The Multinomial Multiperiod Probit Model: Identification and Efficient Estimation
In this paper we discuss parameter identification and likelihood evaluation for multinomial multiperiod Probit models. It is shown in particular that the standard autoregressive specification used in the literature can be interpreted as a latent common factor model. However, this specification is not invariant with respect to the selection of the baseline category. Hence, we propose an alternat...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.1014605