Econometrica: Sep 1972, Volume 40, Issue 5
Constraints Often Overlooked in Analyses of Simultaneous Equation Models
Arnold ZellnerIn this paper bounds on the values of parameters of simultaneous equation models, implied by usual specifying assumptions, are derived and discussed. It is pointed out that such bounds can be estimated consistently and are formally analogous to those encountered in the classical errors-in-the-variables model.
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