American Journal of Agricultural Economics, Vol. 53, No. 1 (Feb., 1971), pp. 63-70 (8 pages) The simultaneous-equation approach is used to formulate a positive spatial equilibrium model consisting of ...

Several related estimators of the parameters of a single equation of a simultaneous equation model are proposed. They are shown to be consistent and asymptotically efficient when the residual of the ...

The unknown values in an equation could be the individual costs of a smoothie and a banana when the combined cost is known. Simultaneous equations can be useful when running a business. Watch the ...