Control Functions and Simultaneous Equations Methods.

The control function approach is a convenient method of estimation in simultaneous equation systems. This requires that the system can be expressed in triangular form with variables satisfying a conditional mean independence restriction. Linear simultaneous models with additive errors can always be...

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Bibliographic Details

Published in:	American Economic Review Vol. 103; no. 3; pp. 563 - 570
Main Authors:	Blundell, Richard, Kristensen, Dennis, Matzkin, Rosa L
Format:	Article
Published:	American Economic Association May2013
Subjects:	Economic models Simultaneous equations Conditional expectations Statistical errors Estimation theory Nonlinear estimation Endogeneity (Econometrics) Agency theory Exogeneity (Econometrics)
Online Access:	View this record in EBSCOhost