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dc.contributor.authorVijverberg, Wim P. M.en_US
dc.date.accessioned2009-01-28T16:19:07Z-
dc.date.available2009-01-28T16:19:07Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/21068-
dc.description.abstractThis paper proposes a dichotomous choice model that is based on a transformed beta (or "z") distribution. This model, called betit, nests both logit and probit and allows for various skewed and peaked disturbance densities. Because the shape of this density affects the estimated relation between the dichotomous choice variable and its determinants, the greater flexibility of the transformed beta distribution is useful in generating more accurate representations of this relationship. The paper considers asymptotic biases of the logit and probit models under conditions where betit should have been used. It also investigates small sample power and provides two examples of applications that illustrative of the capability of the betit model.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesIZA Discussion paper series 222en_US
dc.subject.jelJ22en_US
dc.subject.jelC25en_US
dc.subject.ddc330en_US
dc.subject.keywordDichotomous choice modelen_US
dc.subject.keywordbeta distributionen_US
dc.subject.keywordlogiten_US
dc.subject.keywordprobiten_US
dc.subject.stwMikroökonometrieen_US
dc.subject.stwBeta-Verteilungen_US
dc.subject.stwTheorieen_US
dc.titleBetit: A Family That Nests Probit and Logiten_US
dc.typeWorking Paperen_US
dc.identifier.ppn333894871en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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