The EU has long viewed economic and institutional convergence as important goals, but the results thus far have been decidedly mixed, and there remain several open questions: How exactly should convergence be defined? How much convergence is necessary? What steps can be taken to improve...

An optimal Bayesian decision procedure for testing hypothesis in normal linear models based on intrinsic model posterior probabilities is considered. It is proven that these posterior probabilities are simple functions of the classical <b>""F""</b>-statistic, thus the evaluation of the procedure can be...