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RE: inequality restrictions [ Reply ]
By: Arne Henningsen on 2015-08-23 06:02
[forum:42491]
Dear Uga

I suggest to use the three-step procedure suggested by Koebel, Falk, and Laisney (2003) based on the minimum distance and asymptotic least squares estimation (Gourieroux, Monfort, and Trognon 1985; Kodde, Palm, and Pfann 1990), as used in the paper:

Henning, Christian H.C.A. and Arne Henningsen (2007): Modeling Farm Households' Price Responses in the Presence of Transaction Costs and Heterogeneity in Labor Markets. American Journal of Agricultural Economics 89(3), p. 665-681.

http://dx.doi.org/10.1111/j.1467-8276.2007.00980.x

https://absalon.itslearning.com/data/ku/103018/publications/AJAE_FHM.pdf

Best regards,
Arne

inequality restrictions [ Reply ]
By: UGA BUGA on 2015-08-08 00:06
[forum:42417]
Anybody know of a clever way to implement inequality restrictions on coefficients in systemfit? searched stackoverflow, but couldn't find anything.

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