An Ordered Categorical Response Model with Endogenous Switching: Simulation Exercises and an Application to State Health

11 Pages Posted: 4 Apr 2014

See all articles by Johnatan Cardona Jimenez

Johnatan Cardona Jimenez

Universidad Nacional de Colombia - Sede Medellín

Andres Ramirez Hassan

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF)

Date Written: May 2, 2011

Abstract

We develop and estimate a full information maximum likelihood ordered categorical response model with endogenous switching. Simulation exercises show that estimated parameters are unbias and consistent. And application to Internet access indicates that there are selection and moral hazard.

Keywords: Endogenous Switching Categorical response, evolution strategy

JEL Classification: C15,C52

Suggested Citation

Cardona Jimenez, Johnatan and Ramirez Hassan, Andres, An Ordered Categorical Response Model with Endogenous Switching: Simulation Exercises and an Application to State Health (May 2, 2011). Center for Research in Economics and Finance (CIEF), Working Papers, No. 11-6, Available at SSRN: https://ssrn.com/abstract=2419791 or http://dx.doi.org/10.2139/ssrn.2419791

Johnatan Cardona Jimenez

Universidad Nacional de Colombia - Sede Medellín ( email )

Carrera 30 45-03
Bogota, None
Colombia

Andres Ramirez Hassan (Contact Author)

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF) ( email )

Carrera 49 No. 7 South - 50
Bogotá
Colombia
05742619500 (Phone)

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