Equations that have more than one unknown can have an infinite number of solutions. For example, \(2x + y = 10\) could be solved by: \(x = 1\) and \(y = 8\) \(x = 2 ...

Estimation of simultaneous equations with limited (or transformed) endogenous regressors has been difficult in the parametric literature for various reasons. In this paper, we propose a nonparametric ...

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 ...

For example, the simultaneous equations \(3a + 2b = 17\) and \(4a - b = 30\) have no common coefficient as the coefficients of \(a\) are 3 and 4, and the coefficients of \(b\) are 2 and -1. Remember ...