Heteroskedasticity in ordered response models has not garnered enough attention in the literature. Econometric software packages do not handle this problem satisfactorily either. We provide formulas to calculate heteroskedasticity corrected marginal effects and discrete changes using an approach that deals with single crossing property, a very restrictive assumption of ordered response models.
|Publication status||Published - 2006 Dec 1|
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)