Daniel Simon--
It seems to me that your estimates can only apply to introductions
("failures") after 1996, since you cannot distinguish pre-1996 and
1996 introductions, and you should drop firms (in all years) that had
websites in 1996, while keeping data on all other firms from 1996,
though I would be interested to hear from someone who actually runs
these sorts of models, e.g. Stephen Jenkins.
On 11/16/06, Daniel Simon <[email protected]> wrote:
Hi - I'm using -hshaz- to estimate a discrete-time hazard model. I have
some left censoring that I'm not sure how to deal with. I am looking at
firms establishing websites. I can only observe the introduction of
websites from 1996 onwards. However, I know that some firms established
websites prior to 1996, but I'm not sure which ones. Currently, I have
tried three approaches: (1) Treat all firms that had a website in 1996 as
if they adopted in 1996 (the first year of the sample period), whether they
adopted in 1996 or adopted earlier; (2) Exclude 1996 from the sample (begin
the analysis with 1997); (3) Drop all observations from 1996 for firms that
had websites.
All three approaches give me quite similar results, so it does not appear
that the censoring is a major issue. But, I'm wondering if there is a
better way to deal with it. Thanks. Daniel
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