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Persistent link: https://www.econbiz.de/10003641248
Although meat demand is one of the most studied issues in agricultural economics, our understanding of this phenomenon has been hampered by valid concerns about model specification uncertainty. This article revisits the need for more general theories of aggregate U.S. meat demand. Using a...
Persistent link: https://www.econbiz.de/10005291130
This paper presents an information based model averaging and internal meta-analysis procedure that is easily applied to a large model space. In the application, the procedure is used to investigate the efficacy of some recently contested commodity promotion programs. The investigated model space...
Persistent link: https://www.econbiz.de/10005330704
Although meat demand is one of the most studied issues in agricultural economics, our understanding of this phenomenon has been hampered by valid concerns about model specification uncertainty. This article revisits the need for more general theories of aggregate U.S. meat demand. Using a...
Persistent link: https://www.econbiz.de/10009394150
Although meat demand is one of the most studied issues in agricultural economics, our understanding of this phenomenon has been hampered by valid concerns about model specification uncertainty. This article revisits the need for more general theories of aggregate U.S. meat demand. Using a...
Persistent link: https://www.econbiz.de/10014220708
The model specification problem is perhaps the Achilles heel of applied econometrics. Rather than test down to a single model as is usually done, we estimate 72 different demand systems and use Bayesian averaging procedures over all 72 systems to generate meta estimates of the parameters (e.g.,...
Persistent link: https://www.econbiz.de/10005536704