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A new estimation technique is proposed to deal with missing response variables in the context of a nested multinomial logit model. Survey data often have a significant number of incomplete or missing responses. If such data are systematically missing (i.e. not missing at random) and if such...
Persistent link: https://www.econbiz.de/10009202743
This paper proposes the generalized method of moment estimation of truncated or censored regression model, and applies this procedure to the recreational demand model estimation. In a typical limited dependent variable regression, the conditional mean of error distribution is no longer zero....
Persistent link: https://www.econbiz.de/10009195720