文章基本信息

标题：ESTIMATION OF A U.S. DAIRY SECTOR MODEL BY MAXIMUM SIMULATED LIKELIHOOD
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作者：Arias, Carlos ; Cox, Thomas L.
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：1998
期号：suppl
出版社：Journal of Agribusiness
摘要：This paper estimates a multivariate Tobit system of monthly wholesale dairy prices where 4 prices are lower censored by the dairy price support program. Using Maximum Simulated Likelihood (MSL) we test/correct for the effects of simulation noise and discuss the relevance of estimating multivariate versus the single Tobit equations.