Kasahara, Hiroyuki; Shimotsu, Katsumi - Economics Department, Queen's University - 2006
In dynamic discrete choice analysis, controlling for unobserved heterogeneity is an important issue, and finite mixture … models provide flexible ways to account for unobserved heterogeneity. This paper studies nonparametric identifiability of … data, the number of values the covariates can take, and the heterogeneity of the response of different types to changes in …