A STRUCTURAL-EQUATION GME ESTIMATOR

Thomas L. Marsh, Ron C. Mittelhammer and N. Scott Cardell

No 20890, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A generalized maximum entropy estimator is developed for the linear simultaneous equations systems model. We provide results on large and small sample properties of the estimator. Empirical results illustrate efficiency advantages of the generalized maximum entropy estimator proposed in this study over traditional estimators (e.g., 2SLS and 3SLS).

Keywords: Research Methods/ Statistical Methods (search for similar items in EconPapers)
Date: 1998
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