MODELING NONNEGATIVITY VIA TRUNCATED LOGISTIC AND NORMAL-DISTRIBUTIONS - AN APPLICATION TO RANCH LAND PRICE ANALYSIS

Authors
XU F MITTELHAMMER RC TORELL LA
Citation
F. Xu et al., MODELING NONNEGATIVITY VIA TRUNCATED LOGISTIC AND NORMAL-DISTRIBUTIONS - AN APPLICATION TO RANCH LAND PRICE ANALYSIS, Journal of agricultural and resource economics, 19(1), 1994, pp. 102-114
Citations number
11
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
Journal of agricultural and resource economics → ACNP
ISSN journal
10685502
Volume
19
Issue
1
Year of publication
1994
Pages
102 - 114
Database
ISI
SICI code
1068-5502(1994)19:1<102:MNVTLA>2.0.ZU;2-K
Abstract
This study presents an empirical method of modeling the nonnegativity of dependent variables using truncated logistic and normal disturbance distributions. The method is applied in estimating a ranch land hedon ic price function. Results show that the degree of truncation is signi ficant.