Author: matthewtudball

What is the endogenous switching model and how does it work?

I have been playing around with endogenous switching models since I have been becoming more interested in selection bias corrections recently, and these models represent a more general formulation of that problem (i.e. switching between two possible regimes rather than into one possible sample). Since much of the material on these models is sparsely distributed, … Continue reading What is the endogenous switching model and how does it work?