Cost Function Estimation with Proportional Errors in Variables

A model with proportional errors in variables arising naturally in microeconomics is considered. Unlike the classical additive errors case, all OLS parameter estimates exhibit attenuation bias that does not depend on the limiting distribution of the data. The distribution of OLS estimators is de...

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Bibliographic Details
Main Authors: Richard E. Just, Rulon D. Pope
Format: Article
Published: Econometric Research Association 2012-09-01
Series:International Econometric Review
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