Hajivassiliou, Vassilis A.; Ruud, Paul A. - Cowles Foundation for Research in Economics, Yale University - 1993
This paper discusses estimation methods for limited dependent variable (LDV) models that employ Monte Carlo simulation … forced to restrict attention to special classes of LDV models that are computationally manageable. The simulation estimation …. Following the LDV models, we described various simulation methods for evaluating such integrals. Naturally, censoring and …