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dc.contributor.authorDong, Diansheng
dc.contributor.authorKaiser, Harry M.
dc.contributor.authorMyrland, Oystein
dc.descriptionR.B. 2003-08
dc.description.abstractIn 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.publisherCharles H. Dyson School of Applied Economics and Management, Cornell University
dc.subjectApplied Economics
dc.titleEstimation of Censored La/Aids Model With Endogenous Unit Values

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