Li, Mingliang; Tobias, Justin - In: Studies in Nonlinear Dynamics & Econometrics 10 (2007) 4, pp. 1363-1363
We describe a new simulation-based algorithm for Bayesian estimation of structural effects in models where the outcome of interest and an endogenous treatment variable are ordered. Our algorithm makes use of a reparameterization, suggested by Nandram and Chen (1996) in the context of a single...
