Econometrica: Sep 1972, Volume 40, Issue 5

Constraints Often Overlooked in Analyses of Simultaneous Equation Models

https://doi.org/0012-9682(197209)40:5<849:COOIAO>2.0.CO;2-C
p. 849-853

Arnold Zellner

In 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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