Zellner, Arnold; Ando, Tomohiro; Baştük, Nalan; … - In: Econometric Reviews 33 (2014) 1-4, pp. 3-35
We discuss Bayesian inferential procedures within the family of instrumental variables regression models and focus on two issues: existence conditions for posterior moments of the parameters of interest under a flat prior and the potential of Direct Monte Carlo (DMC) approaches for efficient...