Greene, William H.; Gillman, Max; Harris, Mark N.; … - School of Business and Economics, Loughborough University - 2013
We propose a Tempered Ordered Probit (TOP) model. Our contribution lies not only in explicitly accounting for an excessive number of observations in a given choice category - as is the case in the standard literature on in?ated models; rather, we introduce a new econometric model which nests the...