l
α
0
α
1
R
(0.2)
R
(0.4)
R
(0.7)
0.5
1.10
1.72
1.09
1.06
1.20
1
1.10
1.64
1.05
1.06
1.20
2
1.10
1.59
1.03
1.06
1.20
Table 1:
Asymptotic efficiency of OLS relative to HT (with 8 categories).