Limited Dependent Variables

This paper introduces a unified estimation methodology using copulas for multivariate fractional outcomes with a conditional mean specification. These outcomes are defined as vectors where each component is bounded to the unit interval and together …

This paper proposes a new semiparametric estimator of models where the response random variable is a fraction. The estimator is constructed by optimizing a semiparametric quasi-maximum likelihood that utilizes kernel smoothing. Under suitable …