Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/127228
Authors: 
Schnedler, Wendelin
Year of Publication: 
2005
Series/Report no.: 
Discussion Paper Series, University of Heidelberg, Department of Economics 417
Abstract: 
This article shows how to construct a likelihood for a general class of censoring problems. This likelihood is proven to be valid, i.e. its maximiser is consistent and the respective root-n estimator is asymptotically efficient and normally distributed under regularity conditions. The method generalises ordinary maximum likelihood estimation as well as several standard estimators for censoring problems (e.g. tobit type I - tobit type V).
Subjects: 
Censored variables
Limited dependent variables
Multivariate methods
Random censoring
Likelihood
JEL: 
C13
C24
Document Type: 
Working Paper

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