11-137/4 - Instrumental Variables, Errors in Variables, and Simultaneous Equations Models: Applicability and Limitations of Direct Monte Carlo

• Authors
  Arnold Zellner, (posthumous) Booth School of Business, University of Chicago, USA; Tomohiro Ando, Graduate School of Business Administration, Keio University, Japan; Nalan Basturk, Econometric Institute, Erasmus University Rotterdam, The Netherlands; The Rimini Centre for Economic Analysis, Rimini, Italy; Lennart Hoogerheide, VU University Amsterdam, The Netherlands; Herman K. van Dijk, Econometric Institute, Erasmus University Rotterdam, and VU University Amsterdam
• Publication date
  September 27, 2011

• Keywords
  Instrumental Variables, Errors in Variables, Simultaneous Equations Model, Bayesian estimation, Direct Monte Carlo, Hybrid Mixture Sampling
• JEL
  C11, C15, C30, C36