Dear lister:
I'm estimating a simultanous equation model for household decision making,
and the model goes as follows:
household decision Y1 is dependent on household characteristics X1, and the
PRESENCE of any of the household member decison Y2:
Y1=a*X1+b*[Y2]+e1
where Y1 and Y2 are binary, and [Y2]=max(Y2) for all memebers in the
houshold
Household member decison Y2 is dependent on individual member chracteristics
X2, and household decison Y1:
Y2=c*X2+d*Y1+e2
Have anybody seen such a model in application, maybe in Stata, and give some
reference?
Thanks a lot,
Mike
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