BEYOND THE MODEL SPECIFICATION PROBLEM: MODEL AND PARAMETER AVERAGING USING BAYESIAN TECHNIQUES

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dc.creatorBryant, Henry L.
dc.creatorDavis, George C.
dc.date2017-04-01T19:57:47Z
dc.date.accessioned2026-07-09T03:32:33Z
dc.descriptionThe 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., elasticities) of interest.
dc.identifierdoi:10.22004/ag.econ.20689
dc.identifierhttps://ageconsearch.umn.edu/record/20689/files/sp01br03.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/20689
dc.identifier.urihttp://hdl.handle.net/123456789/534655
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/20689
dc.titleBEYOND THE MODEL SPECIFICATION PROBLEM: MODEL AND PARAMETER AVERAGING USING BAYESIAN TECHNIQUES
dc.typeText

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