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

Feng Xu, Ron Mittelhammer () and L. Allen Torell

Journal of Agricultural and Resource Economics, 1994, vol. 19, issue 01, 13

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 hedonic price function. Results show that the degree of truncation is significant.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Date: 1994
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: Modeling Nonnegativity Via Truncated Logistic and Normal Distributions: An Application to Rangeland Price Analysis (1994)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:31238

DOI: 10.22004/ag.econ.31238

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