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Both models described above are estimated simultaneously using a simultaneous equation model.
First of all, using a simultaneous equation setting and considering network effects and cross-equation restrictions we show that ATM transactions and POS transactions are significantly and negatively related and have a large economic impact one on another.
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Since both treatment and outcome variable in our case are binomial, we use a simultaneous equation bivariate probit, so-called biprobit.
Obviously, the true deficit or the surplus in the statement of financial performance is the difference between the true operating revenues R and the true operating expenses E. Therefore, using a simultaneous-equation model allows us to distinguish through which channel revenues and/or expenses additional depreciation charges eventually affect the (subsequent) financial performance.
In addition to the single regression approach previously presented, I also use a simultaneous equations model approach to estimate not only the intergenerational links, but also the different transmission channels in more detail.
In particular, we use a simultaneous-equation approach and estimate a five-equation model of partners' retirement and partners' leisure demands by simulated maximum likelihood.
Finally, using a four-simultaneous-equation model (two equations for partners' retirement and two for partners' housework), we investigate the effect of partners' retirement on housework and time devoted to caring for other adults and children to relativize the size of changes in different activities upon retirement.
A simultaneous equation regression with a three-stage-least-square (3SLS) estimator was used for the modelling effort.
The relationships are estimated with the help of a simultaneous equation system.
The model is a simultaneous equation model of the five psychometric questions above.
Special attention needs the case in which we consider a simultaneous equation model.
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