Bayesian Modeling and Computations in Final-Offer Arbitration.

This article develops a Bayesian model for the analysis of bidding behavior in final-offer arbitration. Posterior calculations are obtained using a Markov chain algorithm. An example is considered using salary data from Major League Baseball.

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Year of publication:	2003
Authors:	Swartz, Tim
Published in:	Journal of Business & Economic Statistics. - American Statistical Association. - Vol. 21.2003, 1, p. 74-79
Publisher:	American Statistical Association

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005732733