Merger simulation : simulation did not converge

[Tara Ghobadian]

Hi,

I am running a merger simulation using the mergersim package (http://www.bjornerstedt.org/stata/mergersim).

When running the simulation stage, I receieve the following error message:

Simulation did not converge.
Error: Zero shares.

My code is the following:

mergersim simulate if week == 230 , newfirm(newfirm_numeric)

I would appreciate any advice you might have.

Many thanks in advance,
Tara

[Leonardo Guizzetti]

That website does not appear to work and there is nothing to go on from the root URL. There is a package by the authors from the Stata Journal (SJ 14(3):511--540, -st0349-) which should discuss what the program does and possible issues that may arise. However, this may be a niche question that only a few on the board may be able to answer. It might be more fruitful to email the author(s) directly if you don't get a response here.

[Tara Ghobadian]

Hi Leonardo,

Thanks so much for your response - I've contacted the authors.

Many thanks.