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Identification in Bivariate binary-choice Models with elliptical innovations

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  • Koen Jochmans

Abstract

In this note it is shown that the index coefficients and location parameters in the standard triangular binary-choice model are identifed under an assumption of symmetry on the joint density of the latent disturbances. Identifcation of average effects follows. The implied restrictions suggest semiparametric rank estimators that are consistent and asymptotically normal under standard conditions.

Suggested Citation

  • Koen Jochmans, 2011. "Identification in Bivariate binary-choice Models with elliptical innovations," Sciences Po publications info:hdl:2441/eu4vqp9ompq, Sciences Po.
    • Handle: RePEc:spo:wpmain:info:hdl:2441/eu4vqp9ompqllr09ij4oogc0g
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    References listed on IDEAS

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    1. Powell, James L, 1986. "Symmetrically Trimmed Least Squares Estimation for Tobit Models," Econometrica, Econometric Society, vol. 54(6), pages 1435-1460, November.
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    More about this item

    Keywords

    binary choice; rank estimation; simultaneity; symmetry; truncation.;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions

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