Demand, Supply, and Price Relationships for the Broiler Sector, with Emphasis on the Jack-Knife Method

Russell G. Thompson, J. Michael Sprott and Richard W. Callen

American Journal of Agricultural Economics, 1972, vol. 54, issue 2, 245-248

Abstract: Parameters of a simultaneous equation model of the broiler sector were estimated by 2SLS, OLS, and JK procedures as proposed by Tukey and Hartley and Hartley. Results indicate that 2SLS and OLS methods may significantly underestimate the standard errors of the coefficients.

Date: 1972
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