The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

Censored Data Models

  • G. S. Maddala
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DOI: https://doi.org/10.1057/978-1-349-95121-5_314-1
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Abstract

The censored normal regression model considered by Tobin (1958), also commonly known as the ‘tobit’ model, is the following:

Keywords

Tobit Model Selectivity Bias Censor Regression Model Limited Dependent Variable General Error Distribution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© The Author(s) 1987

Authors and Affiliations

  • G. S. Maddala
    • 1
  1. 1.