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We investigate identification in semi-parametric binary regression models, y = 1(xβ+υ+ε 0) when υ is either discrete or measured within intervals. The error term ε is assumed to be uncorrelated with a set of instruments z, ε is independent of υ conditionally on x and z, and the support...
Persistent link: https://www.econbiz.de/10010970109
We investigate identification in semi-parametric binary regression models, "y"= 1("x""β"+υ+ε  0) when υ is either discrete or measured within intervals. The error term ε is assumed to be uncorrelated with a set of instruments "z", ε is independent of υ conditionally on "x" and "z", and the...
Persistent link: https://www.econbiz.de/10005167967
We present identification and estimation results for the "collective" model of labour supply in which there are discrete choices, censoring of hours, and non-participation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied...
Persistent link: https://www.econbiz.de/10005242825
We present identification and estimation results for the “collective” model of labour supply in which there are discrete choices, censoring of hours, and non-participation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions...
Persistent link: https://www.econbiz.de/10010637954
We show that sellers may earn a reputation for their “ability” to deliver high-quality goods on average by honestly announcing the realized quality of items for sale every period. As the expected revenue stream from continuing with honest communication increases with their ability,...
Persistent link: https://www.econbiz.de/10011275188