In applied microeconometric panel data analyses, time-constant random effects and first-order Markov chains are the most prevalent structures to account for intertemporal correlations in limited dependent variable models. An example from health economics shows that the addition of a simple...

Summary One problem in statistics is to determine the distributions of estimators and statistics. For distributions of the continuous type the density function of an estimator can at each point be expressed as a multiple integral, but the standard methods for computing integrals are not...