A Minimum Power Divergence Class of CDFs and Estimators for Binary Choice Models

The Cressie-Read (CR) family of power divergence measures is used to identify a new class of statistical models and estimators for competing explanations of the data in binary choice models. A large flexible class of cumulative distribution functions and associated probability density functions emerge that subsumes the conventional logit model, and forms the basis for a large set of estimation alternatives to traditional logit and probit methods. Asymptotic properties of estimators are identified, and sampling experiments are used to provide a basis for gauging the finite sample performance of the estimators in this new class of statistical models.


Issue Date:
2008-07
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/37759
PURL Identifier:
http://purl.umn.edu/37759
Total Pages:
31
Series Statement:
CUDARE Working Papers
1059




 Record created 2017-04-01, last modified 2019-08-26

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