Basturk, Nalan; Cakmakli, Cem; Ceyhan, S. Pinar; Dijk, … - Tinbergen Instituut - 2014
This paper starts with a brief description of the introduction of the likelihood approach in econometrics as presented in Cowles Foundation Monographs 10 and 14. A sketch is given of the criticisms on this approach mainly from the first group of Bayesian econometricians. Publication and citation...