Generalized Tobit

Generalized Tobit

A generalized Tobit is a generalization of the econometric Tobit model after James Tobin. It is also called "Heckit" after James Heckman. Tobit models assume that a variable is truncated.

Literature

Tobin, 1958, "Estimation of relationships for limited dependent variables", Econonetrica 26, pp. 24-36


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