ESTIMATION OF A U.S. DAIRY SECTOR MODEL BY MAXIMUM SIMULATED LIKELIHOOD

dc.creatorArias, Carlos
dc.creatorCox, Thomas L.
dc.date2017-04-01T14:07:45Z
dc.date.accessioned2026-07-09T03:05:04Z
dc.descriptionThis 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.
dc.identifierdoi:10.22004/ag.econ.12617
dc.identifierhttps://ageconsearch.umn.edu/record/12617/files/stpap417.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/12617
dc.identifier.urihttp://hdl.handle.net/123456789/526174
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/12617
dc.titleESTIMATION OF A U.S. DAIRY SECTOR MODEL BY MAXIMUM SIMULATED LIKELIHOOD
dc.typeText

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