Wichitaksorn, Nuttanan; Tsurumi, Hiroki - In: Computational Statistics & Data Analysis 67 (2013) C, pp. 226-235
The analysis of Tobit model with non-normal error distribution is extended to the case of asymmetric Laplace distribution (ALD). Since the ALD probability density function is known to be continuous but not differentiable, the usual mode-finding algorithms such as maximum likelihood can be...