Search Results - subject:"bayesian analysis"

Evaluating Different Growth Scenarios for Organic Farming Using Bayesian Techniques

Gardebroek, Cornelis - European Association of Agricultural Economists - EAAE - 2008

Different views exist on the future development of organic agriculture. The Dutch government believes that in 2010 10% of the farm land will be used for organic farming. Others have a more radical view: due to increasing emphasis on sustainable production in the end all farming will be organic....

Persistent link: https://www.econbiz.de/10005328077

Investors' risk attitude and risky behavior: a Bayesian approach with imperfect information

Iezzi, Stefano - Banca d'Italia - 2008

In a choice model of risky assets the role of risk aversion is analyzed. The measure of risk preference comes from a direct subjective survey question and it is considered as an imperfect information about the true risk attitude of investors. Misclassification between the true and the observed...

Persistent link: https://www.econbiz.de/10005111556

Bayesian analysis of growth using stochastic frontier model

Wisniowski, Arkadiusz - Zakład Ekonometrii Stosowanej, Szkoła Główna … - 2008

We employ Bayesian approach to the analysis of economic growth in Poland. The results of estimation of a stochastic frontier model applied to production function of Polish voivodships in 2000 - 2004 are presented. Stochastic frontier approach allows to decompose growth into technological change,...

Persistent link: https://www.econbiz.de/10005113475

Imperfect predictability and mutual fund dynamics. How managers use predictors in changing systematic risk.

Amisano, Gianni; Savona, Roberto - 2008

Suppose a fund manager uses predictors in changing port-folio allocations over time. How does predictability translate into portfolio decisions? To answer this question we derive a new model within the Bayesian framework, where managers are assumed to modulate the systematic risk in part by...

Persistent link: https://www.econbiz.de/10011604927

Thailand; Selected Issues

International Monetary Fund (IMF); International … - 2008

To estimate the New Keynesian model, we use four key macroeconomic series for Thailand. The priors are chosen to reflect general considerations of the appropriate model dynamics and our judgment about the Thai economy. The model is solved initially so that the baseline forecast replicates staff...

Persistent link: https://www.econbiz.de/10011242710

Monetary policy in a small open economy model : a DSGE-VAR approach for Switzerland

Bäurle, Gregor; Menz, Tobias - 2008

, C32, E58 Keywords: Bayesian Analysis, DSGE-VAR, Small Open Economy, Optimal Policy ⁄We thank Fabio Canova, Harris Dellas … closely. The idea can be implemented using a Bayesian approach. In Bayesian analysis, the goal is to derive the distribution … Bayesian analysis is that the posterior distribution is proportional to the likelihood function multiplied by the prior …

Persistent link: https://www.econbiz.de/10003882303

Economic valuation of product features

Allenby, Greg; Brazell, Jeff; Howell, John; Rossi, Peter - In: Quantitative Marketing and Economics 12 (2014) 4, pp. 421-456

We develop a market-based paradigm to value the enhancement or addition of features to a product. We define the market value of a product or feature enhancement as the change in the equilibrium profits that would prevail with and without the enhancement. In order to compute changes in...

Persistent link: https://www.econbiz.de/10011154806

Stochastic Volatility Models for Asset Returns with Leverage, Skewness and Heavy-Tails via Scale Mixture

Huang, Jing-Zhi; Xu, Li - In: Quarterly Journal of Finance (QJF) 04 (2014) 03, pp. 1450011-1

We propose and estimate a new class of equity return models that incorporate scale mixtures of the skew-normal distribution for the error distribution into the standard stochastic volatility framework. The main advantage of our models is that they can simultaneously accommodate the skewness,...

Persistent link: https://www.econbiz.de/10011078375

Ownership versus management effects on corporate social responsibility concerns in large family and founder firms

Block, Joern; Wagner, Marcus - In: Journal of Family Business Strategy 5 (2014) 4, pp. 339-346

Based on socioemotional wealth theory, we argue that family and founder firms differ from other firms with respect to corporate social responsibility concerns. We further argue that the ownership and management dimensions of founder firms have opposite effects. Using a dataset of large public...

Persistent link: https://www.econbiz.de/10011118166

A Bayesian analysis of normalized VAR models

Sun, Dongchu; Ni, Shawn - In: Journal of Multivariate Analysis 124 (2014) C, pp. 247-259

sample inference for such models remains a challenge. In this study, we propose a conjugate prior for Bayesian analysis of …

Persistent link: https://www.econbiz.de/10010737771