Estimation prior value and mode

Estimation
1

Dear professor,

I am seeking for help to get some advice on my estimation. I know it is a little too bold to ask others about such questions directly, but I have no idea after seeing the mode_check results. Could you please help me to have a look at it? (The mod file may cost about 1 minute.) Thanks in advance.

file.zip (14.3 KB)

2

Your estimation runs to the boundary of the determinacy region. That’s where the red dots come from. You need to understand why this is the case economically.