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Geweke, John; Whiteman, Charles - 2006

Bayesian forecasting is a natural product of a Bayesian approach to inference. The Bayesian approach in general requires explicit formulation of a model, and conditioning on known quantities, in order to draw inferences about unknown ones. In Bayesian forecasting, one simply takes a subset of...

Persistent link: https://www.econbiz.de/10014023705

Simulation Based Inference for Dynamic Multinomial Choice Models

Geweke, John; Houser, Dan; Keane, Michael - Volkswirtschaftliche Fakultät, … - 1999

Our goal in this chapter is to explain concretely how to implement simulation methods in a very general class of models …

Persistent link: https://www.econbiz.de/10011260171

Advances in Random Utility Models

Horowitz, Joel; Keane, Michael; Bolduc, Denis; Divakar, … - Volkswirtschaftliche Fakultät, … - 1994

In recent years, major advances have taken place in three areas of random utility modeling: (1) semiparametric estimation, (2) computational methods for multinomial probit models, and (3) computational methods for Bayesian stimation. This paper summarizes these developments and discusses their...

Persistent link: https://www.econbiz.de/10011109965

A microsimulation model of labour supply for UK tax reform

Duncan, Alan S. - 1991

Family Credit element of the UK Social Security system using the simulation algorithm SPAIN (Simulation Program for the … Analysis of INcentives). In choosing an appropriate labour supply model to include in the simulation algorithm, the degree to … function is found to be a most suitable model for simulation, with virtually the entire sample of single parents satisfying the …

Persistent link: https://www.econbiz.de/10010398160