Generalized Maximum Entropy Analysis of the Linear Simultaneous Equations Model

Generalized Maximum Entropy Analysis of the Linear Simultaneous Equations Model

A generalized maximum entropy estimator is developed for the linear simultaneous equations model. Monte Carlo sampling experiments are used to evaluate the estimator’s performance in small and medium sized samples, suggesting contexts in which the current generalized maximum entropy estimator is sup...

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Bibliographic Details
Main Authors: Thomas L. Marsh, Ron Mittelhammer, Nicholas Scott Cardell
Format: Article
Language:English
Published: MDPI AG 2014-02-01
Series:Entropy
Subjects:
robustness
asymptotic normality
consistency
hypothesis testing
Monte Carlo experiments
Wald test
Online Access:http://www.mdpi.com/1099-4300/16/2/825

Internet

http://www.mdpi.com/1099-4300/16/2/825

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