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Informational Content of Factor Structures in Simultaneous Binary Response Models

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NBER2021-01-01 更新2025-01-04 收录
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We study the informational content of factor structures in discrete triangular systems. Factor structures have been employed in a variety of settings in cross sectional and panel data models, and in this paper we formally quantify their identifying power in a bivariate system often employed in the

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2021-01-01
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