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DECONVOLUTING PREFERENCES AND ERRORS: A MODEL FOR BINOMIAL PANEL DATA

Published online by Cambridge University Press:  22 March 2010

Mogens Fosgerau  and
Søren Feodor Nielsen
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Abstract

In many stated choice experiments researchers observe the random variables Vt, Xt, and Yt = 1{U + δ⊤Xt + εt < Vt}, t ≤ T, where δ is an unknown parameter and U and εt are unobservable random variables. We show that under weak assumptions the distributions of U and εt and also the unknown parameter δ can be consistently estimated using a sieved maximum likelihood estimation procedure.

Type
Brief Report
Information
Econometric Theory , Volume 26 , Issue 6 , December 2010 , pp. 1846 - 1854
Copyright
Copyright © Cambridge University Press 2010

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Footnotes

We are grateful to Bo Honoré, the referees, and the coeditor Jinyong Hahn for helpful comments. Mogens Fosgerau has received support from the Danish Social Science Research Council.

References

REFERENCES

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