Abstract
The censored normal regression model considered by Tobin (1958), also commonly known as the ‘tobit’ model, is the following:
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Maddala, G.S. (2018). Censored Data Models. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_314
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DOI: https://doi.org/10.1057/978-1-349-95189-5_314
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