Econometrica: Sep 1971, Volume 39, Issue 5

Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods

https://doi.org/0012-9682(197109)39:5<829:SSMFLD>2.0.CO;2-K
p. 829-844

John G. Cragg

Several models for limited dependent variables (variables having a non-negligible probability of exactly equaling zero) are examined. Estimation in and discrimination among the various models are considered, followed by a small sampling experiment into the procedures and an example of their application.
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