This paper examines variable selection among various factors related to motor vehicle fatality rates using a rich set of panel data. Four Bayesian methods are used. These include Extreme Bounds Analysis (EBA), Stochastic Search Variable Selection (SSVS), Bayesian Model Averaging (BMA), and...

A common problem in estimating dynamic stochastic general equilibrium models is that the structural parameters of economic interest are only weakly identified. As a result, classical confidence sets and Bayesian credible sets will not coincide even asymptotically, and the mean, mode, or median...