In this paper we compare five well-known methods of apportionment, advanced respectively by Adams, Dean, Hill, Webster and Jefferson. The criterion used for this comparison is the minimization of the distance between a power vector and a population vector. Power is measured with the well-known...

We propose a Bayesian approach for inference in a dynamic disequilibrium model. To circumvent the difficulties raised by the Maddala and Nelson (1974) specification in the dynamic case, we analyze a dynamic extended version of the disequilibrium model of Ginsburgh et al. (1980). We develop a...

In this paper we examine the problem of testing for heterogeneity and heterosckedasticity in a Bayesian framework. We first show that a model with random coefficients is identical to a model with heteroskedastic residuals. We then consider two approaches for testing. The first one is concerned...

type="main" xml:id="sjpe12038-abs-0001" <title type="main">Abstract</title> <p>We develop Bayesian inference for an unconditional quantile regression model. Our approach provides better estimates in the upper tail of the wage distribution as well as valid small sample confidence intervals for the Oaxaca–Blinder...</p>

When a linear econometric model is expressed in logarithms, the presence of identities entails a strong non-linearity for the simulation stage of the complete model. This aspect can be damageable for the simulation algorithms which are implemented on microcomputers. A traditional solution...

We provide a ranking of economics departments in Europe and we discuss the methods used to obtain it. TheJEL CD-ROM serves as a database for a period covering ten years. Journals are ranked using a combination of expert opinions and citation data to produce a scale from 1 to 10. The publication...

This paper considers a special non-linear time series problem, that of testing for co-integration in a Bayesian framework when there is a break in the co-integrating relationship. It is shown that a partial linearization of the likelihood function solves many puzzling questions, in particular...