Raising the price of fossil fuels is a key component of any effective policy to deal with climate change. Just how effective such policies are is decided by the price elasticities of demand. Many papers have studied this without recognising that not only is there a demand side response:...

This study focuses on a comparison of different kinds of Tobit models. According to the findings, a simple Tobit I method can produce results that are similar to and in some cases better than much more sophisticated methods. This is especially true if the participation or index equation is...

This paper is based on a Monte Carlo simulation in order to evaluate the properties of the discrete labour supply model. The data is generated by a continuous model and a discrete choice model is estimated assuming a translog utility function. The robustness of the results for different number...