Florens, J.P.; Richard, J.F.; Rolin, J.M. - Groupe de Recherche en Économie Mathématique et … - 1996
An encompassing test between two models is based on the idea that the first model is able to explain the inference obtained by the second model. In a Bayesian Framework, the posterior distribution of the second model will then be compared to the posterior distribution built in hte first model...
