We develop a new way to incorporate prior information within an Information-Theoretic (IT) estimation framework. The estimator considers many potential priors and uses a simple statistic to choose the optimal solution. Our method outperforms its competitors for all finite data.

"M aize is the primary food staple in southern Africa, and 50 percent of the total maize output in the area is produced in South Africa, where maize constitutes approximately 70 percent of grain production and covers 60 percent of the country's cropping area. Climate change could have a...

The main objective of the paper is related to the long standing issue of the econometric estimation of price elasticity of food trade functions. We investigate the relevance of the prominent gravity approach. This approach is based on the assumptions of symmetric, monotone, homothetic, CES...