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Andreas C. Drichoutis, Rodolfo M. Nayga, Jr. and Panagiotis Lazaridis
''Heteroskedasticity, the single crossing property and ordered response models''
( 2006, Vol. 3 No.32 )
Heteroskedasticity in ordered response models has not garnered enough attention in the literature. Econometric software packages do not handle this problem satisfactorily either. We provide formulas to calculate heteroskedasticity corrected marginal effects and discrete changes using an approach that deals with single crossing property, a very restrictive assumption of ordered response models.
JEL: C1 - Econometric and Statistical Methods: General
Manuscript Received : Nov 20 2006 Manuscript Accepted : Nov 24 2006

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