A Monte Carlo comparison of semiparametric Tobit estimators
半参数 Tobit 估计量的蒙特卡洛比较
Abstract This paper focuses on a performance comparison of semiparametric Tobit estimators. Firstly, a conditional expectation version of Horowitz's distribution‐free least‐squares estimator is proposed, together with a short description of the other estimators considered in the later Monte Carlo experiment. Then, a performance comparison of the following selected estimators is made through a Monte Carlo experiment: the standard Tobit maximum‐likelihood estimator, the…