A Monte Carlo simulation study of Tobit models

A Monte Carlo simulation study of Tobit models

This study focuses on a comparison of different kinds of Tobit models. According to the findings, a simple Tobit I method can produce results that are similar to and in some cases better than much more sophisticated methods. This is especially true if the participation or index equation is incorrect...

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Veröffentlicht in:Applied Economics Letters 2001-09, Vol.8 (9), p.581-584
Hauptverfasser: Flood, Lennart, Gråsjö, Urban
Format: Artikel
Sprache:eng
Schlagworte:
Applied economics
Consumption
Economic models
Economics
Microeconomics
Modelling
Monte Carlo simulation
Nationalekonomi
Statistical analysis
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Beschreibung
Zusammenfassung:This study focuses on a comparison of different kinds of Tobit models. According to the findings, a simple Tobit I method can produce results that are similar to and in some cases better than much more sophisticated methods. This is especially true if the participation or index equation is incorrectly specified.
ISSN:1350-4851
1466-4291
1466-4291
DOI:10.1080/13504850010027581