Fixed transaction costs and modelling limited dependent variables

As an alternative to the Tobit model, for vectors of limited dependent variables, I suggest a model, which follows from explicitly using fixed costs, if appropriate of course, in the utility function of the decision-maker.

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Year of publication:	1994
Authors:	Hempenius, A.L.
Institutions:	Tilburg University, School of Economics and Management
Subject:	Economic Models \| Transaction Costs \| costs and cost price

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Extent:	application/pdf
Series:	Research Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Research memorandum / Tilburg University, Department of Economics Number FEW 677
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011086753