Generalized Tobit
In econometrics, the generalized Tobit model is a generalization of the Tobit model named after James Tobin. It is also called the Heckit model[1] after James Heckman. Another name is "type 2 Tobit model".[2]
Tobit models assume that a random variable is censored.
Notes
- ↑ See, for example, http://pan.oxfordjournals.org/content/8/2/167.short
- ↑ Amemiya (1985, p384)
References
- Amemiya, Takeshi (1985) Advanced Econometrics. Harvard University Press. ISBN 0-674-00560-0
- Tobin, James (1958) "Estimation of relationships for limited dependent variables", Econometrica, 26, 24–36
- Heckman, James. (1979). "Sample Selection Bias as a Specification Error." Econometrica, 47,153–161.
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