This paper introduces a semiparametric estimation method for Polychotomous Choice models. The method does not require a parametric structure for the systematic subutility of observable exogenous variables. The distribution of the random terms is assumed to be known up to a finite-dimensional parameter vector. In contrast, previous semiparametric methods of estimating discrete choice models have concentrated on relaxing parametric subutility parametrically specified. The systematic subutility is assumed to possess properties such as monotonicity and concavity that are typically assumed in microeconomic theory. The estimator for the systematic subutility and the parameter vector of the distribution is shown to be strongly consistent. A computational technique to calculate the estimators is developed. Copyright 1991 by The Econometric Society.
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Article provided by Econometric Society in its journal Econometrica.
Volume (Year): 59 (1991) Issue (Month): 5 (September) Pages: 1315-27 Download reference. The following formats are available: HTML
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