Identification in Bivariate binary-choice Models with elliptical innovations

Koen Jochmans (1)

1 ECON - Département d'économie (Sciences Po)

In this note it is shown that the index coefficients and location parameters in the standard triangular binary-choice model are identifed under an assumption of symmetry on the joint density of the latent disturbances. Identifcation of average effects follows. The implied restrictions suggest semiparametric rank estimators that are consistent and asymptotically normal under standard conditions.

Mots clés: truncation; binary choice; rank estimation; simultaneity; symmetry; truncation.

Domaines: Economies et finances

Koen Jochmans. Identification in Bivariate binary-choice Models with elliptical innovations. 2011. ⟨hal-01069483⟩