N

Estimator

Normal Exogenous Variables

Uniform Exogenous Variables

Exact

Over

Exact

Over

Equation (1)

Equation (3)

Tot

Equation (2)

Equation (4)

Tot

Equation (1)

Equation (3)

Tot

Equation (2)

Equation (4)

Tot

10

OLS

6

6

12

9

12

21

5

4

9

9

10

19

2SLS

6

6

12

6

9

15

7

8

15

5

4

9

3SLS

13

13

26

12

6

18

12

15

27

4

9

13

FIML

15

15

30

3

3

6

16

13

29

12

7

19

20

OLS

8

8

16

12

12

24

4

5

9

9

9

18

2SLS

5

4

9

6

9

15

8

7

15

6

3

9

3SLS

11

13

24

9

3

12

12

14

26

3

6

9

FIML

16

15

31

3

6

9

16

14

30

12

12

24

30

OLS

5

4

9

12

12

24

6

4

10

12

11

23

2SLS

7

8

15

6

3

9

6

8

14

3

3

6

3SLS

16

13

29

9

6

15

13

12

25

7

6

13

FIML

12

15

27

3

9

12

15

16

31

8

10

18

50

OLS

8

7

15

12

12

24

6

9

15

12

12

24

2SLS

4

5

9

6

5

11

6

4

10

9

3

12

3SLS

12

12

24

9

4

13

12

13

25

6

9

15

FIML

16

16

32

3

9

12

16

14

30

3

6

9

100

OLS

16

16

32

12

12

24

7

7

14

12

12

24

2SLS

7

4

11

6

3

9

5

5

10

5

4

9

3SLS

5

10

15

3

6

9

13

13

26

8

9

17

FIML

12

10

22

9

9

18

15

15

30

5

5

10

250

OLS

16

16

32

12

12

24

4

6

10

12

12

24

2SLS

5

12

17

6

3

9

8

6

14

9

7

16

3SLS

7

4

11

3

6

9

12

15

27

6

8

14

FIML

12

8

20

9

9

18

16

13

29

3

3

6

500

OLS

16

16

32

12

12

24

16

8

24

12

12

24

2SLS

5

12

17

6

5

11

12

4

16

9

5

14

3SLS

7

5

12

9

9

18

7

15

22

5

6

11

FIML

12

7

19

3

4

7

5

13

18

4

7

11