Abstract
We conduct Monte Carlo analysis to compare specification tests in choosing between the sample selection and two-part models for corner solutions when errors are correlated but there are no identifying instruments.
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William Crown provided helpful comments.
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Norton, E.C., Dow, W.H. & Do, Y.K. Specification tests for the sample selection and two-part models. Health Serv Outcomes Res Method 8, 201–208 (2008). https://doi.org/10.1007/s10742-008-0037-8
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DOI: https://doi.org/10.1007/s10742-008-0037-8