Jiménez, Ezequiel Uriel; Colom, María Consuelo; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998
The objective of this paper is to improve the estimator of Powell (1986) in the truncated Tobit model. The Powell estimator is the least squares alternative to the maximum likelihood estimator for the Tobit model. Only symmetry of the distribution of the error term is assumed, but no...