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.
MLA
Monfort, A., et al. “Coherency Conditions in Simultaneous Linear Equation Models with Endogenous Switching Regimes.” Econometrica, vol. 48, .no 3, Econometric Society, 1980, pp. 675-696, https://www.jstor.org/stable/1913130
Chicago
Monfort, A., C. Gourieroux, and J. J. Laffont. “Coherency Conditions in Simultaneous Linear Equation Models with Endogenous Switching Regimes.” Econometrica, 48, .no 3, (Econometric Society: 1980), 675-696. https://www.jstor.org/stable/1913130
APA
Monfort, A., Gourieroux, C., & Laffont, J. J. (1980). Coherency Conditions in Simultaneous Linear Equation Models with Endogenous Switching Regimes. Econometrica, 48(3), 675-696. https://www.jstor.org/stable/1913130
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