Heckelei, Thomas; Mittelhammer, Ronald C.; Jansson, Torbjorn - Institut für Lebensmittel und Ressourcenökonomik, … - 2008
This paper presents a Bayesian alternative to Generalized Maximum Entropy (GME) and Generalized Cross Entropy (GCE) methods for deriving solutions to econometric models represented by underdetermined systems of equations. For certain types of econometric model specifications, the Bayesian...