Dong, Diansheng; Chung, Chanjin; Kaiser, Harry - In: Applied Economics 36 (2004) 8, pp. 769-779
In this study, the double-hurdle model typically used in cross-sectional data is extended to panel data structures. The new double-hurdle model can account not only for the censored nature of commodity purchases, but also for the dynamics of the purchase process. In this model, a flexible error...