Estimating demand systems with corner solutions: the performance of Tobit-based approaches
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DOI: 10.1080/00036846.2024.2313989
Abstract: ABSTRACT Since the introduction of the Tobit framework to perform estimation involving censored dependent variables, practitioners have been facing a clear trade-off between flexibility and theoretical plausibility in modelling consumers’ preferences in the presence of… read more here.
Keywords: demand systems; tobit based; performance; demand ... See more keywords