Question: Derive the likelihood for the tobit type II model. Show that your likelihood reduces to equation (16.5) in the case of uncorrelated disturbance terms. n2.

Derive the likelihood for the tobit type II model. Show that your likelihood reduces to equation (16.5) in the case of uncorrelated disturbance terms.

n2. (16.5) -(-)-(-2)/02 L = [] {(p;)" (1 p; )'-'} [[ (

n2. (16.5) -(-)-(-2)/02 L = [] {(p;)" (1 p; )'-'} [[ ( i=1 ri=1

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