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The aim of this article is to study the technology of the sector represented by the Spanish national post-office and telegraph service, Sociedad Estatal Correos y Telégrafos, S.A. trading as Correos, and denominated as such hereafter. Concretely, we analyse economic efficiency (technical and...
Persistent link: https://www.econbiz.de/10012991545
In this paper we analyze the effect of four possible alternatives regarding the prior distributions in a linear model with autoregressive errors to predict piped water consumption: Normal-Gamma, Normal-Scaled Beta two, Studentized-Gamma and Student's t-Scaled Beta two. We show the effects of...
Persistent link: https://www.econbiz.de/10013047586
This paper considers estimation of the treatment effect where the researcher has data from a large number of related …
Persistent link: https://www.econbiz.de/10012922502
This paper uses an Empirical Bayes approach to estimate the conditional mean function of a Poisson regression model, evaluated at counterfactual values of time-invariant unobserved covariates. The application that motivates and illustrates the methods developed herein is the use of deadly force...
Persistent link: https://www.econbiz.de/10013225856
This paper studies the properties of the Bayesian approach to estimation and comparison of dynamic equilibrium …
Persistent link: https://www.econbiz.de/10013032688
constrained estimation produces a quantitative model with both reasonable asset-pricing as well as business-cycle implications. …
Persistent link: https://www.econbiz.de/10010192763
This paper introduces a new measure of dependence or jointness among explanatory variables. Jointness is based on the joint posterior distribution of variables over the model space, thereby taking model uncertainty into account. By looking beyond marginal measures of variable importance,...
Persistent link: https://www.econbiz.de/10013317072
A neglected aspect of the otherwise fairly well developed Bayesian analysis of cointegration is the point estimation of …
Persistent link: https://www.econbiz.de/10011584335
space. To further limit the scope of over-fitting the estimation of the factor loadings uses a new generation of shrinkage …
Persistent link: https://www.econbiz.de/10011990248
generalized tempering for "online" estimation, and provide examples of multimodal posteriors that are well captured by SMC methods …. We then use the online estimation of the DSGE model to compute pseudo-out-of-sample density forecasts of DSGE models with …
Persistent link: https://www.econbiz.de/10012038824