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Heteroskedasticity, the single crossing property and ordered response models

Author

Listed:
  • Andreas C. Drichoutis

    (Agriculural University of Athens)

  • Rodolfo M. Nayga, Jr.

    (Texas A&M University)

  • Panagiotis Lazaridis

    (Agricultural University of Athens)

Abstract

Heteroskedasticity in ordered response models has not garnered enough attention in the literature. Econometric software packages do not handle this problem satisfactorily either. We provide formulas to calculate heteroskedasticity corrected marginal effects and discrete changes using an approach that deals with single crossing property, a very restrictive assumption of ordered response models.

Suggested Citation

  • Andreas C. Drichoutis & Rodolfo M. Nayga, Jr. & Panagiotis Lazaridis, 2006. "Heteroskedasticity, the single crossing property and ordered response models," Economics Bulletin, AccessEcon, vol. 3(32), pages 1-6.
    • Handle: RePEc:ebl:ecbull:eb-06c10009
    as

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    File URL: http://www.accessecon.com/pubs/EB/2006/Volume3/EB-06C10009A.pdf
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    References listed on IDEAS

    as
    1. Stefan Boes & Rainer Winkelmann, 2006. "Ordered Response Models," Springer Books, in: Olaf Hübler & Jachim Frohn (ed.), Modern Econometric Analysis, chapter 12, pages 167-181, Springer.
    2. Andreas C. Drichoutis & Panagiotis Lazaridis & Rodolfo M. Nayga, 2005. "Nutrition knowledge and consumer use of nutritional food labels," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 32(1), pages 93-118, March.
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    Cited by:

    1. Andreas C. Drichoutis & Rodolfo M. Nayga, 2022. "On the stability of risk and time preferences amid the COVID-19 pandemic," Experimental Economics, Springer;Economic Science Association, vol. 25(3), pages 759-794, June.

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    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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