Conceptual frameworks and experimental design in simultaneous equations

Using examples drawn from two important papers in the recent literature on weak instruments, we demonstrate how observed experimental outcomes can be profoundly influenced by the different conceptual frameworks underlying two experimental designs commonly employed when simulating simultaneous equati...

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Bibliographic Details
Published in:Economics letters 2008-07, Vol.100 (1), p.138-142
Main Authors: Poskitt, D.S., Skeels, C.L.
Format: Article
Language:English
Subjects:
C12
C15
C30
Experiment design
Experimental design
Simulation experiment
Simultaneous equations
Simultaneous equations models
Statistical models
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Description
Summary:Using examples drawn from two important papers in the recent literature on weak instruments, we demonstrate how observed experimental outcomes can be profoundly influenced by the different conceptual frameworks underlying two experimental designs commonly employed when simulating simultaneous equations.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2007.12.012