Lesage, James P.; Vance, Colin; Chih, Yao-Yu - 2016
likelihood estimation method set forth by Aquaro, Bailey and Pesaran (2015), we rely on a Markov Chain Monte Carlo (MCMC …) estimation methodology. MCMC estimates as applied here with non-informative priors will produce estimates equal to those from …-Chain-Monte-Carlo-Verfahren (MCMC-Verfahren) angewandt, welches in diesem Zusammenhang die gleichen Schätzungen wie die Maximum-Likelihood-Methode von …