A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...

Despite their scarcity in the literature, an abundance of globally regular indirect utility functions, involving as many parameters as desired, exist and are easily constructed as a function of simple homothetic component utilities.

The difficulty of specifying a set of consumer demand equations that can simultaneously display compatibility with rational economic behaviour (regularity) and have the capacity to represent a comprehensive spectrum of consumer behaviour (flexibility) is well known. A variety of approaches have...

Despite their scarcity in the literature, an abundance of globally regular indirect utility functions, involving as many parameters as desired, exist and are easily constructed as a function of simple homothetic component utilities.