Abstract
Dr. Hans Theil of the Netherlands School of Economics, Rotterdam, has recently proposed a new method of estimating the coefficients of a single equation in a system of simultaneous linear equations, and has shown how this method is a member of a general class of estimators, of which the least squares and limited information estimators are also members (Theil, 1953). Since Dr. Their’s work is not likely to become generally available for some time, it seems worthwhile to summarize it for those who are currently interested in the field of estimation of simultaneous linear equations. At the same time the notation has been changed to correspond fairly closely to that of Cowles Commission Monograph 14 (Hood and Koopmans, 1953).
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