@article{784342370c3f494790f95efc84d3c8c6,
title = "A note on the (in)consistency of the test of overidentifying restrictions and the concepts of true and pseudo-true parameters",
abstract = "In the linear instrumental variables model, we characterize fixed alternatives against which the test of overidentifying restrictions (OR) is inconsistent. When there is the notion of a {"}true parameter{"}, we relate this inconsistency result to the literature on optimality properties of various versions of the test of OR.",
author = "Patrik Guggenberger",
note = "Funding Information: I would like to thank a referee and the Editor for very insightful and helpful comments, the NSF under grant SES-1021101 for financial support, the Alfred P. Sloan Foundation for a 2009 fellowship, and Ivan Canay, Bruce Hansen, Yuichi Kitamura, Taisuke Otsu, Eric Renault, Andres Santos, Azeem Shaikh, Hal White, and Michael Wolf for helpful discussions and/or comments. The first version was drafted in 2010. Copyright: Copyright 2017 Elsevier B.V., All rights reserved.",
year = "2012",
doi = "10.1016/j.econlet.2012.07.008",
language = "English (US)",
volume = "117",
pages = "901--904",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier B.V.",
number = "3",
}