Hi:
I am trying to write code to run a simultaneous probit-tobit
model (Chappell, 1982) in order to quantify the determinants of
legislator voting behavior. I can't seem to find any background on this.
I have worked with code for simple logit and probit models, but this is
a different beast.
The logic is that this model reduces some of the endogeneity
associated with a single equation model. As a general overview of the
structure: http://uploadpie.com/yB5mw
Does anyone know if there is a package or simple way to code this? Thanks in
advance!
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