[Limdep Nlogit List] Endogeniety and Mixed logit model

[sshreay at mail.wsu.edu]

Dr Green,
Thank you for your reply and time.
Sincerely,
Sanatan Shreay



> Dear Sanatan. The Berry Levinsohn-Pakes methodology that Aviv Nevo is
> writing about
> is a (maybe the) way to handle endogenous prices in a logit model for
> aggregate
> shares.  That I know of, however, the method has not been extended to a
> general
> random parameters specification.  The BLP method is not yet build into
> LIMDEP,
> unfortunately.
> /B. Greene
>
> ************************************************
> Professor William Greene
> Department of Economics
> Stern School of Business
> New York University
> 44 West 4th St., Rm. 7-78
> New York, NY   10012
> Ph. 212.998.0876
> Fax. 212.995.4218
> URL. http://www.stern.nyu.edu/~wgreene
> Email. wgreene at stern.nyu.edu
> ************************************************
>
> ----- Original Message -----
> From: sshreay at mail.wsu.edu
> Date: Thursday, August 23, 2007 6:58 pm
> Subject: [Limdep Nlogit List] Endogeniety and Mixed logit model
>
>> Hello,
>> I have an aggregate panel data and I am trying to calculate
>> elastcities of
>> differentiated products using mixed logit model. In my model I have
>> price,attributes and demographics variables. I am getting results
>> but in
>> literatures it has been reported that price is endogenous. My specific
>> question is how to deal with endogenous variable in mixed logit
>> model? To
>> my understanding if I am estimating using full information
>> likelihood and
>> somehow indicate that price is endogenous then it will be fine?.
>> Can I do
>> this in LIMDEP? I am aware that Aviv Nevo has a matlab code for
>> differentiated product elasticity estimation but I have always
>> worked with
>> LIMDEP and hope some one can help me.
>> Thanks,
>> Sanatan,
>> PhD student
>> School of Economics,
>> Washington State University,
>> Pullman,WA-99163
>>
>>
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