I am currently running the Berry Levinsohn Pakes random coefficient logit model and I have been getting the following error message;
. blp s_mkt, stochastic(lp) endog(p= llagp2 llagp3 lagp4 v vv w) markets(mkt2) draws(200) elast(lp,15,pro
> duct)
Iteration 0: f(p) = 1.000e+11
Hessian is not positive semidefinite
Has anyone else run into a similar problem? My dataset is composed on 30 markets with 9 products per markets. The markets shares do not show muh variations from one market to the next, could this be the reason why I am getting the error message? I would hope not since realistically one would expect market shares to be similar (not identical of course) from one market to the next and the blp command ought to be able to solve given these similarities. Any help with this would be much appreciated.
. blp s_mkt, stochastic(lp) endog(p= llagp2 llagp3 lagp4 v vv w) markets(mkt2) draws(200) elast(lp,15,pro
> duct)
Iteration 0: f(p) = 1.000e+11
Hessian is not positive semidefinite
Has anyone else run into a similar problem? My dataset is composed on 30 markets with 9 products per markets. The markets shares do not show muh variations from one market to the next, could this be the reason why I am getting the error message? I would hope not since realistically one would expect market shares to be similar (not identical of course) from one market to the next and the blp command ought to be able to solve given these similarities. Any help with this would be much appreciated.
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