American Journal of Agricultural Economics · 1999 · 562 citations · 29 references
BusinessBiostatisticsStatistical ModelingStochastic ModelingSurvival AnalysisLimited Dependent Variable ModelsMaximum Likelihood EstimationMonte Carlo MethodsMonte Carlo SimulationParameter EstimationSimulation MethodsCensored Count ModelsCensored Data AnalysisCensored Data ModelingCensored DistributionsCensored RegressionDependent VariablesEstimation Under CensoringMonte Carlo Estimation
Abstract A consistent two‐step estimation procedure is proposed for a system of equations with limited dependent variables. Monte Carlo simulation results suggest the procedure outperforms an existing two‐step method.
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Estimation of Relationships for Limited Dependent Variables
James Tobin · Econometrica · 1958 · 7K citations