Malikov, Emir; Restrepo-Tobon, Diego A; Kumbhakar, Subal C. - Volkswirtschaftliche Fakultät, … - 2014
Credit unions differ in the types of financial services they offer to their members. This paper explicitly models this observed heterogeneity using a generalized model of endogenous ordered switching. Our approach captures the endogenous choice that credit unions make when adding new products to...