Fixed transaction costs and modelling limited dependent variables

A.L. Hempenius

Research output: Book/ReportReportProfessional

202 Downloads (Pure)

Abstract

As an alternative to the Tobit model, for vectors of limited dependent variables, I suggest a model, which follows from explicitly using fixed costs, if appropriate of course, in the utility function of the decision-maker.
Original languageEnglish
PublisherUnknown Publisher
VolumeFEW 677
Publication statusPublished - 1994

Publication series

NameResearch memorandum / Tilburg University, Department of Economics
VolumeFEW 677

Fingerprint

Decision maker
Transaction costs
Utility function
Fixed costs
Tobit model
Limited dependent variables
Modeling

Keywords

  • Economic Models
  • Transaction Costs
  • costs and cost price

Cite this

Hempenius, A. L. (1994). Fixed transaction costs and modelling limited dependent variables. (Research memorandum / Tilburg University, Department of Economics; Vol. FEW 677). Unknown Publisher.
Hempenius, A.L. / Fixed transaction costs and modelling limited dependent variables. Unknown Publisher, 1994. (Research memorandum / Tilburg University, Department of Economics).
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Hempenius, AL 1994, Fixed transaction costs and modelling limited dependent variables. Research memorandum / Tilburg University, Department of Economics, vol. FEW 677, vol. FEW 677, Unknown Publisher.

Fixed transaction costs and modelling limited dependent variables. / Hempenius, A.L.

Unknown Publisher, 1994. (Research memorandum / Tilburg University, Department of Economics; Vol. FEW 677).

Research output: Book/ReportReportProfessional

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Hempenius AL. Fixed transaction costs and modelling limited dependent variables. Unknown Publisher, 1994. (Research memorandum / Tilburg University, Department of Economics).