Zhang, Rong; Inder, Brett A.; Zhang, Xibin - Department of Econometrics and Business Statistics, … - 2013
We present a Bayesian sampling algorithm for parameter estimation in a discrete-response model, where the dependent … labour-market outcomes. The contribution of our investigation is to present a sampling algorithm, which is a hybrid of Gibbs … sample, and performs with similar or better precision than maximum likelihood. We apply our sampling algorithm to the double …