Andersson, Jonas; Møen, Jarle - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2009
Two measures of an error-ridden explanatory variable make it possible to solve the classical errors-in-variable problem by using one measure as an instrument for the other. It is well known that a second IV estimate can be obtained by reversing the roles of the two measures. We explore a simple...