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Rank demand systems that are either conditioned on some good (such as durables) or are separable from that good, are shown to be identical to unconditional demand systems having rank or + 1. More generally, the rank of a conditional demand system or a separable subsystem is a lower bound on the...
Persistent link: https://www.econbiz.de/10005263570
We discuss the relative advantages and disadvantages of four types of convenient estimators of binary choice models when regressors may be endogenous or mismeasured or when errors are likely to be heteroscedastic. For example, such models arise when treatment is not randomly assigned and...
Persistent link: https://www.econbiz.de/10010568573