Holm, Anders; Jæger, Mads Meier; Pedersen, Morten - Centre for Applied Microeconometrics (CAM), Økonomisk … - 2008
This paper proposes a new approach to dealing with unobserved heterogeneity in applied research using the binary logit …-linear regression models such as the binary logit model because, unlike in linear regression models, estimates of the effects of … independent variables. We propose an extension of the binary logit model based on a finite mixture approach in which we …