The Econometric SocietyEdited by: Marina Halac • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Apr, 1960, Volume 28, Issue 2
https://www.jstor.org/stable/1907726
p. 364-367
P. Norregaard Rasmussen
Contrary to arguments advanced by others, it is shown in this note that, in general, a stochastic variation for a given relationship need not be accentuated in simultaneous models. Any statement to that effect must be based on a theory about shocks.
December 11, 2025
We are deeply saddened by the passing of Kate Ho, the John L. Weinberg Professor of Economics and Business Policy at Princeton University and a Fellow of the Econometric Society. Kate was a brilliant IO economist and scholar whose impact on the profession will resonate for many years to come.
