If you're feeling "down" as a result of a recent rejection of your work by a nasty journal editor, you may find some comfort in this paper
from The Journal of Economic Perspectives
in 1994: "How Are the Mighty Fallen: Rejected Classic Articles by Leading Economists", by Joshua Gans and George Shepherd.
In it, you can read about the many famous economists - Nobel laureates included - who have struggled to get their work published. There are some great stories here.
In the process, you'll learn why the Tobit model is so-named - and it's not just for the obvious reason that comes to mind!
I promise that you'll feel much better after reading what Gans and Shepherd have to say.
© 2014, David E. Giles