Hello all,
In Greene's econometric analysis book, if you use biprobit then you
have the following:
y1=b1'x1+e1
y2=b2'x2+e2 , where y1 and y2 are binary outcomes
Mean of e1 and e2 are zeros, and their variances are 1
but cov(e1,e2) is Rho.
I know biprobit can just run but can anyone help if I would like to
restrict rho to a value say 0.3
Thanks in advance for your response
Best,
Nirina
*
* For searches and help try:
* http://www.stata.com/support/faqs/res/findit.html
* http://www.stata.com/support/statalist/faq
* http://www.ats.ucla.edu/stat/stata/