A Multinomial Probit Model with Latent Factors: Identification and Interpretation without a Measurement System

We develop a parametrization of the multinomial probit model that yields greater insight into the underlying decision-making process, by decomposing the error terms of the utilities into latent factors and noise. The latent factors are identified without a measurement system, and they can be meaning...

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Bibliographic details
Main Author: Piatek, Rémi
Gensowski, Miriam
Format: Publication
Language: English
Place of publication: Bonn: Institute of Labor Economics (IZA) 01.01.2017
Data of publication: 2017-01-01
Dewey Decimal Classification: 330
Discipline: Economics
Subjects:
Online Access: available in Bonn?
Database: OpenAIRE (Open Access)
OpenAIRE
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