Bayesian Full Information Structrual Analysis

Inhaltsverzeichnis

• I. Bayesian Full Information Analysis of the Simultaneous Equations Model.
• 1. A review of the problem of identification in a Bayesian approach and the specifications of the prior density functions.
• 2. The extended natural conjugate density and its properties.
• 3. Posterior distributions of the structural parameters (?, ?-1).
• Appendix to Part I. Some properties of the Wishart density function and the matric variate-t-density function.
• II. Empirical illustration of a Bayesian Full Information Analysis. The analysis of the Belgian beef market.
• 1. The model and the a priori information.
• 2. The Posterior Analysis.
• Conclusions.
• References.