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A simple microeconomic foundation for a Tobit model of consumer demand

✍ Scribed by Gary Solon


Book ID
116422426
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
111 KB
Volume
106
Category
Article
ISSN
0165-1765

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## Abstract This paper develops a smooth mixture of Tobits (SMTobit) model for healthcare expenditure. The model is a generalization of the smoothly mixing regressions framework of Geweke and Keane (__J Econometrics__ 2007; **138**: 257–290) to the case of a Tobit‐type limited dependent variable. A