2016
DOI: 10.1177/1536867x1601600111
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Bireprob: An Estimator for Bivariate Random-effects Probit Models

Abstract: I present the bireprob command, which fits a bivariate random-effects probit model. bireprob enables a researcher to estimate two (seemingly unrelated) nonlinear processes and to control for interrelations between their unobservables. The estimator uses quasirandom numbers (Halton draws) and maximum simulated likelihood to estimate the correlation between the error terms of both processes. The application of bireprob is illustrated in two examples: the first one uses artificial data, and the second one uses re… Show more

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Cited by 13 publications
(12 citation statements)
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“…e estimation can make full use of quasirandom numbers (Halton draws) and maximum simulated likelihood to achieve the correlation between the error terms of both processes. For more details about the bivariate probit and random-effects probit models, refer to Yildirim et al [40] and Plum [42].…”
Section: Methodsmentioning
confidence: 99%
“…e estimation can make full use of quasirandom numbers (Halton draws) and maximum simulated likelihood to achieve the correlation between the error terms of both processes. For more details about the bivariate probit and random-effects probit models, refer to Yildirim et al [40] and Plum [42].…”
Section: Methodsmentioning
confidence: 99%
“…The other objective of this paper is to model the determinants of households' storage motives: consumption or market. We utilize a bivariate probit model that enables modeling the two decisions simultaneously and explore their potential relationship (Plum 2016). The model also allows for interactions between unobserved factors associated with the two outcomes.…”
Section: Determinants Of Grain Storagementioning
confidence: 99%
“…This concludes the full description of our baseline econometric model. All estimations are undertaken in the statistical data analysis program Stata 13.1 and using the command bireprob ([65]).…”
Section: Data and Descriptive Statisticsmentioning
confidence: 99%