The Multinomial Probit Model Revisited: A Discussion of Parameter Estimability, Identification and Specification Testing
AbstractIn this paper we examine the multinomial probit model in the light of recent developments in the field of simulation-based inference. We focus upon five broad areas: specification of multinomial choice models; parameter estimability and the use of simulation techniques, parameter identification; specification testing; and practical issues in simulation-based inference. Although the substitution of simulated probabilities for difficult to compute multi-dimensional integrals represents a significant step, by examining the more tenuous task of identification and in particular the identification of covariance parameters, we show how the specification and estimation of the multinomial probit still represents a formidable task. Copyright 1997 by Blackwell Publishers Ltd
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Economic Surveys.
Volume (Year): 11 (1997)
Issue (Month): 3 (September)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Young, Gary & Valdez, Emiliano A. & Kohn, Robert, 2009. "Multivariate probit models for conditional claim-types," Insurance: Mathematics and Economics, Elsevier, vol. 44(2), pages 214-228, April.
- Elisabetta Marinelli, 2011. "Graduate migration in Italy - Lifestyle or necessity?," ERSA conference papers ersa11p1608, European Regional Science Association.
- Haapanen, Mika, 2000. "Impact Of Expected Earnings On Interregional Migration Decisions In Finland," ERSA conference papers ersa00p269, European Regional Science Association.
- Baltas, George & Doyle, Peter, 2001. "Random utility models in marketing research: a survey," Journal of Business Research, Elsevier, vol. 51(2), pages 115-125, February.
- Arnold, S, 2010. "Environmental Decision Making and Behaviours: How to People Choose how to Travel to Work?," Department of Economics Working Papers 19375, University of Bath, Department of Economics.
- Garcia Perez, Jose Ignacio & Rebollo Sanz, Yolanda, 2005.
"Wage changes through job mobility in Europe: A multinomial endogenous switching approach,"
Elsevier, vol. 12(4), pages 531-555, August.
- José Ignacio García Pérez & Yolanda Rebollo Sanz, 2004. "Wage changes through job mobility in Europe: A multinomial endogenous switching approach," Economic Working Papers at Centro de Estudios Andaluces E2004/70, Centro de Estudios Andaluces.
- Massimiliano Bratti, 2005.
"Social Class and Undergraduate Degree Subject in the UK,"
UNIMI - Research Papers in Economics, Business, and Statistics
unimi-1015, Universitá degli Studi di Milano.
- Bratti, Massimiliano, 2006. "Social Class and Undergraduate Degree Subject in the UK," IZA Discussion Papers 1979, Institute for the Study of Labor (IZA).
- Duncan, Alan & Weeks, Melvyn, 1997. "Behavioural tax microsimulation with finite hours choices," European Economic Review, Elsevier, vol. 41(3-5), pages 619-626, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.