Barslund, Mikkel (contributor) - 2007
demand system. Further, a simpler QML estimator based
on the sum of univariate Tobit models is introduced. A Monte Carlo … points towards
the use of simple etimators for more general censored systems of equations.
Keywords: Censored demand system … multivariate normal density function.
As an example, consider the case of a �ve good demand system where a non-neglible number of …