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A. Endogeneity : 1. Reduced Form : For each of the following system of equations: Determine which equations are over, under or exactly identified Provide
A.Endogeneity:
1.Reduced Form: For each of the following system of equations:
Determine which equations are over, under or exactly identified
Provide the reduced form for each equation (after substituting one equation into the other equation)
For identified parameters, provide the function based on the OLS estimated parameters.
Assume that Zi and Wi are exogenous.
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