Comparing Theories of Endogenous Protection: Bayesian Comparison of Tobit Models Using Gibbs Sampling Output. (Gibbs sampling method can be used to precisely perform Bayesian inference and model comparison)

Article Abstract:

Gibbs sampling method can be utilized to perform Bayesian inference and model comparison precisely and conveniently. However, the process requires nonstandard prior probability density functions, and that it cannot be traced by analytical means. Used in the analytical procedures were the 1983 tariff and non-tariff barrier data between the United States and 5 OECD members, namely Japan, Germany, Italy, United Kingdom and France.

Usage, Economics, Model theory

---

Optimal designs of discrete response experiments in contingent valuation studies

Article Abstract:

Optimal techniques for the estimation of mean and median willingness to pay and other model parameters are examined using logistic and probit regression in a discrete contingent valuation study. A study on the preservation of Swedish forests provides excellent examples of the effectivity of various designs and specifications, especially the use of sequential procedures.

Methods, Economic aspects, Environmental impact analysis, Cost benefit analysis, Regression analysis, Parameter estimation

---

The sensitivity analysis of applied general equilibrium models: completely randomized factorial sampling designs

Article Abstract:

The use of general equilibrium models in the evaluation of tax and trade policy issues has already gained wide acceptance. A statistical method, which considers uncertainty about key elasticities, is presented as a means of generating the population mean of the distribution of solution values from such models. The application of this method is also illustrated.

Factorial experiment designs, Equilibrium (Economics)

Similar abstracts:

• Abstracts: A comparison of approximate Bayesian forecasting methods for non-Gaussian time series. ARMA models and the Box-Jenkins methodology
• Abstracts: Autoregressive gamma processes. Stochastic models underlying CrostonEs method for intermittent demand forecasting
• Abstracts: A forecasting comparison of classical and Bayesian methods for modelling logistic diffusion. A cautionary note on outlier robust estimation of threshold modelsn
• Abstracts: Two characterizations of bargaining sets. The core and the hedonic core: equivalence and comparative statics
• Abstracts: Remittances from international migration: a comparison of El Salvador and Nicaragua

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.