HOLLY, Alberto; MAGNUS, Jan R. - In: Annales d'Economie et de Statistique (1988) 10, pp. 121-138
This paper presents two alternative formulations of the instrumental variables (IV) procedure. One of the formulations, termed the "completed model", serves to show, in a general way, that the IV estimator of a vector of regression parameter is asymptotically as efficient as the maximum...