Showing 1 - 10 of 16
This paper is concerned with the problems of posterior simulation and model choice for Poisson panel data models with multiple random effects. Efficient algorithms based on Markov Chain Monte Carlo methods for sampling the posterior distribution are developed. A new parameterization of the...
Persistent link: https://www.econbiz.de/10005556364
This paper provides a unified simulation-based Bayesian and non-Bayesian analysis of correlated binary data using the …
Persistent link: https://www.econbiz.de/10005556368
This paper is concerned with statistical inference in multinomial probit, multinomial-$t$ and multinomial logit models. New Markov chain Monte Carlo (MCMC) algorithms for fitting these models are introduced and compared with existing MCMC methods. The question of parameter identification in the...
Persistent link: https://www.econbiz.de/10005119186
We estabilsh the relationships between certain Bayesian and classical approaches to instrumental variables regression … classical 2SLS and LIML and in doing so provide some new insight to the small sample behavior of Bayesian and classical … Bayesian and classical procedures in linear regression models: i.e., Bayesian analysis with a diffuse prior leads to posteriors …
Persistent link: https://www.econbiz.de/10005062530
framework of Bayesian ARFIMA class of models. The results conclude that Canadian unemployment exhibits persistence in the short …
Persistent link: https://www.econbiz.de/10005062535
Markov chain Monte Carlo (MCMC) methods have become a ubiquitous tool in Bayesian analysis. This paper implements MCMC … methods for Bayesian analysis of stochastic frontier models using the WinBUGS package, a freely available software. General …
Persistent link: https://www.econbiz.de/10005062542
}$ are examined. We investigate theoretical properties, such as consistency of the implied Bayesian procedure. Links with …
Persistent link: https://www.econbiz.de/10005407892
We investigate the issue of model uncertainty in cross-country growth regressions using Bayesian Model Averaging (BMA …
Persistent link: https://www.econbiz.de/10005407952
adoption of a Bayesian inference framework. We find that this approach has several attractive features, when comparing it to …
Persistent link: https://www.econbiz.de/10005413052
practically relevant inference methods for such models, within the Bayesian paradigm. The algorithm is based on Markov chain Monte …
Persistent link: https://www.econbiz.de/10005556307