asymmetric information in iran’s insurance market: case study for automobile insurance in iran insurance companythis research aims to test the presence of asymmetric information by using the dynamic information of automobile policyholders in the iran insurance company (iic). the conditional independence test is conducted by bivariate probit model, the dynamic properties which are presented for ...

The bivariate probit model is frequently used for estimating the effect of an endogenous binary regressor (the 'treatment') on a binary health outcome variable. This paper discusses simple modifications that maintain the probit assumption for the marginal distributions while introducing non-normal dependence using copulas. In an application of the copula bivariate probit model to the effect of ...

This study relies on data collected by the National Elections Studies project at the University of Michigan. Any errors in interpretation or analysis are the responsibility of the authors.

Poirier (1980, JoE) considered a bivariate probit model in which the binary dependent variables y 1 and y 2 were not observed individually, but the product z = y 1 @y 2 was observed. This paper expands this notion of partial observability to multivariate settings.

Females’ Willingness to Work and the Discouragement Effect of a Poor Local Childcare Provision We analyze the effects of regional structures on females’ willingness to work as well as on the probability that non-employed women who are willing to work actually will engage in job search. Special permission was granted to link regional data to individual respondents in the German Socio-Economic Pa...

Few studies have examined whether financial aid affects college retention. This paper models the decision to enroll and re-enroll in college, which yields a bivariate probit model that is estimated using detailed individual data from a large public university. The analysis uses the unique detail of institution-specific data to examine the effect of financial aid on the re-enrollment decision, a...

In this paper, a variety of potentially explanatory indicators for child labor and school attendance in Zambia is scrutinized. By analyzing the results from a bivariate probit model, the arising doubt with regard to the income sensitivity of the child labor choice is confirmed. Among other factors, community effects influence the child labor and schooling choice. Based on the results, sensitiza...

A Monte Carlo experiment is undertaken to examine the small sample properties of three alternative estimators of a bivariate probit model with selection. The three estimators are the censored probit estimator, single-equation probit applied to the selected sub-sample and single-equation probit applied to the full sample. These estimators are compared in terms of properties of coefficient estima...

despite controversy, the contingent valuation method (cvm) is widely used for non-market valuation. among elicitation methods of cvm, the dichotomous choice (dc) has been paid attention. there are two types of dc methods: single-bounded dc (sbdc) and double-bounded dc (dbdc). dbdc is more efficient than sbdc. many of cvm studies in iran used dbdc but data analyses were done by logit model; that...