[Limdep Nlogit List] Multivariate mixed model with correlated errors

[Alok R. Saboo]

Hi,

I am trying to estimate a bi-variate model where one of the dependent
variables (DV) is binary and the other is continuous. Further, I want to
have the errors across the two DVs correlated. Basically, the model looks
like

y1 = X1*B1 + e1
y2 = X2*B2 + e2

I want to specify the two error terms (e1 and e2) to be bivariate normal. I
am not able to figure out how to estimate this model. The closest that I
could find is a binary probit, but that is not too helpful as I have both
continuous and discrete variables. Any suggestions would be highly
appreciated...

Regards,

*Alok R. Saboo*
Doctoral Candidate in Marketing
Smeal College of Business,
Pennsylvania State University,
University Park, PA 16802.
Tel: +1 814 865 4091