11.6 Estimate (11.11) and (11.12) by least squares regression, ignoring the fact that they form a simultaneous...
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11.6 Estimate (11.11) and (11.12) by least squares regression, ignoring the fact that they form
a simultaneous system. Use the data in truffles.dat. Estimate demand and supply with 2SLS using exogenous explanatory variables as instruments. Do the signs of the least squares estimates agree with economic reasoning? Explain
Related Book For
Statistics Unlocking The Power Of Data
ISBN: 9780470601877
1st Edition
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
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