ESTIMATION OF CENSORED LA/AIDS MODEL WITH ENDOGENOUS UNIT VALUES
| dc.creator | Dong, Diansheng | |
| dc.creator | Kaiser, Harry M. | |
| dc.creator | Myrland, Oystein | |
| dc.date | 2017-04-01T20:05:13Z | |
| dc.date.accessioned | 2026-07-09T05:59:50Z | |
| dc.description | In this study, we develop and estimate a censored LA/AIDS model using household-level purchase data. In addition to imposing non-negativitity constraints, we account for the endogeneity of unit value. We address the non-negativity issue using an Amemiya-Tobin approach, which imposes the adding-up condition on both observed and latent shares. We address the endogeneity of unit value by estimating share equations and unit value equations simultaneously. Given the need to evaluate high-order probability integrals, we use a simulated probability method in the model estimation. This model is applied to estimate and analyze a demand system featuring six fish and three meat commodities, using Norwegian household data. | |
| dc.identifier | doi:10.22004/ag.econ.122119 | |
| dc.identifier | https://ageconsearch.umn.edu/record/122119/files/Cornell_Dyson_rb0308.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/122119 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/571034 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/122119 | |
| dc.title | ESTIMATION OF CENSORED LA/AIDS MODEL WITH ENDOGENOUS UNIT VALUES | |
| dc.type | Text |