The Econometric SocietyEdited by: Marina Halac • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Jul, 1978, Volume 46, Issue 4
https://www.jstor.org/stable/1909758
p. 961-968
Edward E. Leamer
The maximum likelihood estimate of the structural form of the errors in variable model with an instrumental variable is shown to be the median of the least squares, the reverse least squares, and the instrumental variables estimates, if all three have the same sign.
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.
