Nonstationary discrete choice: A corrigendum and addendum
نویسندگان
چکیده
منابع مشابه
Nonstationary Discrete Choice
This paper develops an asymptotic theory for time series discrete choice models with explanatory variables generated as integrated processes and with multiple choices and threshold parameters determining the choices. The theory extends recent work by Park and Phillips (2000) on binary choice models. As in this earlier work, the maximum likelihood (ML) estimator is consistent and has a limit the...
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Recall some notations and terminology from [4]. For closed subspaces M, L of a Banach space X we write M e ⊂L (M is essentially contained in L ) if there exists a finite-dimensional subspace F ⊂ X such that M ⊂ L + F . Equivalently, dim M/(M ∩L) = dim(M + L)/L < ∞. Similarly we write M e =L if M e ⊂L and L e ⊂M . For a (bounded linear) operator T ∈ L(X) write R∞(T ) = ∞n=0 R(T) and N∞(T ) = ⋃∞ ...
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ژورنال
عنوان ژورنال: Journal of Econometrics
سال: 2007
ISSN: 0304-4076
DOI: 10.1016/j.jeconom.2007.01.017