Wales and Woodland (1983) have proposed an econometric model to deal with non-negativity constraints in systems of demand equations. This paper points out the relationship between the Wales—Woodland model and the "simultaneous Tobit" model of Amemiya (1974). This relationship is…
Fecha:
2011-10-26
Recurso:
Universidad de Princenton
CIC - Centro de Información y Conocimiento Johannes Gutenberg ®