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2013-05-23 12:21
求翻译：Fourth, compared to Model 3, it was hard to differentiate demand equation and supply equation from the Model 2 (bivariate probit model with partial observability). In model 3, one observed binary supply intentions only when demand was identified to be positive (i.e. Ins_d=1). In practical, model 3 was merely bivariate 是什么意思？ 待解决
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Fourth, compared to Model 3, it was hard to differentiate demand equation and supply equation from the Model 2 (bivariate probit model with partial observability). In model 3, one observed binary supply intentions only when demand was identified to be positive (i.e. Ins_d=1). In practical, model 3 was merely bivariate
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