GTAP Resources: Resource Display
| GTAP Resource #3014 |
|---|
|
"A bayesian alternative to generalized cross entropy solutions for underdetermined econometric models" by Heckelei, Thomas, Torbjorn Jansson and Ron Mittelhammer Abstract This paper presents a Bayesian alternative to Generalized Maximum Entropy (GME) and Gen-eralized Cross Entropy (GCE) methods for deriving solutions to econometric models repre-sented by underdetermined systems of equations. For certain types of econometric model speci-fications, the Bayesian approach provides fully equivalent results to GME-GCE techniques. However, in its general form, the proposed Bayesian methodology allows a more direct and straightforwardly interpretable formulation of available prior information and can reduce sig-nificantly the computational effort involved in finding solutions. The technique can be adapted to provide solutions in situations characterized by either informative or uninformative prior in-formation. |
| Resource Details (Export Citation) | GTAP Keywords | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
- Calibration and parameter estimation |
| Attachments |
|---|
|
If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access No documents have been attached. Restricted Access No documents have been attached. Special Instructions This paper is a DRAFT |
| Comments (0 posted) |
|---|
|
You must log in before entering comments.
No comments have been posted. |
Last Modified: 9/15/2023 1:05:45 PM
