An Ordered Categorical Response Model with Endogenous Switching: Simulation Exercises and an Application to State Health
11 Pages Posted: 4 Apr 2014
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: 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
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