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Working Papers (Resource Economics & Environmental Sociology)
The purpose of the Resource Economics and Environmental Sociology "Working Paper" series is to provide a forum to accelerate the presentation of issues, concepts, ideas and research results within the academic and professional community. Working Papers are published without peer review.
Items in this Collection
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Cross Product Censoring in a Demand System with Limited Dependent Variables: A Multivariate Probit Model Approach
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The most challenging problem in cross sectional demand analyses is to deal with zero expenditure because OLS estimates tend to be biased towards zero in a regression model where a large proportion of the dependent variable is zero. The problem arises as households participating in the survey do...