Resistant Estimation for Simultaneous-Equations Models Using Weighted Instrumental Variables

DOI10.2307/1913223zbMath0583.62095OpenAlexW2024839641MaRDI QIDQ3706388

William S. Krasker, Roy E. Welsch

Publication date: 1985

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1913223

zbMATH Keywords

outliersexampleinfluential observationssimultaneous equations modelheavy-tailed errorsresistant estimationaberrant databounded-influence estimatorestimation of a single structural equationweighted-instrumental- variables estimator

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Point estimation (62F10)

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