Removing Specification Errors from the Usual Formulation of Binary Choice Models

Removing Specification Errors from the Usual Formulation of Binary Choice Models

We develop a procedure for removing four major specification errors from the usual formulation of binary choice models. The model that results from this procedure is different from the conventional probit and logit models. This difference arises as a direct consequence of our relaxation of the usual...

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Bibliographic Details
Main Authors: P.A.V.B. Swamy, I-Lok Chang, Jatinder S. Mehta, William H. Greene, Stephen G. Hall, George S. Tavlas
Format: Article
Language:English
Published: MDPI AG 2016-06-01
Series:Econometrics
Subjects:
binary choice models
specification errors
stochastic coefficients
Online Access:http://www.mdpi.com/2225-1146/4/2/26

Internet

http://www.mdpi.com/2225-1146/4/2/26

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