The Identification of a Mixture of First-Order Binary Markov Chains

• Autores: Martin Browning, Jesús M. Carro
• Localización: Oxford bulletin of economics and statistics, ISSN 0305-9049, Vol. 75, Nº. 3, 2013, págs. 455-459
• Idioma: inglés
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• Resumen

  • Let S be the number of components in a finite discrete mixing distribution. We prove that the number of waves of panel being greater than or equal to 2S is a sufficient condition for global identification of a dynamic binary choice model in which all the parameters are heterogeneous. This model results in a mixture of S binary first-order Markov Chains.