Coherency Conditions in Simultaneous Linear Equation Models with Endogenous Switching Regimes

C. Gouriéroux; J. J. Laffont; A. Monfort

doi:10.2307/1913130

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Econometrica Vol. 48 No. 3 1980

Coherency Conditions in Simultaneous Linear Equation Models with Endogenous Switching Regimes

C. Gouriéroux; J. J. Laffont¹; A. Monfort²

¹ University of Southern California · ² National Bureau of Economic Research

Abstract

[In this paper we consider the problem of the existence of a well-defined reduced form in the context of piecewise linear models. We give a general theorem which provides necessary and sufficient conditions, called coherency conditions, for such an existence. This result is applied to various kinds of models: self-selectivity models, simultaneous equation probit and tobit models, multimarkets disequilibrium models.]

DOI: 10.2307/1913130
Volume: 48
Issue: 3
Pages: 675
Sources: bibtex:phds-export.bib openalex crossref

Coherency Conditions in Simultaneous Linear Equation Models with Endogenous Switching Regimes

Abstract

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