Incorporating prior information when true priors are unknown: An Information-Theoretic approach for increasing efficiency in estimation
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econlet.2014.12.014
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Golan, Amos & Judge, George G. & Miller, Douglas, 1996. "Maximum Entropy Econometrics," Staff General Research Papers Archive 1488, Iowa State University, Department of Economics.
- Golan, Amos, 2008. "Information and Entropy Econometrics — A Review and Synthesis," Foundations and Trends(R) in Econometrics, now publishers, vol. 2(1–2), pages 1-145, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hyeok Lee & Yong Kyun Kim, 2018. "The effects of external shocks on the Korean economy: CGE model-based analysis," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-14, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Luca Secondi, 2019. "Expiry Dates, Consumer Behavior, and Food Waste: How Would Italian Consumers React If There Were No Longer “Best Before” Labels?," Sustainability, MDPI, vol. 11(23), pages 1-15, December.
- Giuseppe Ragusa, 2011.
"Minimum Divergence, Generalized Empirical Likelihoods, and Higher Order Expansions,"
Econometric Reviews, Taylor & Francis Journals, vol. 30(4), pages 406-456, August.
- Giuseppe Ragusa, 2008. "Minimum Divergence, Generalized Empirical Likelihoods, and Higher Order Expansions," Working Papers 080906, University of California-Irvine, Department of Economics.
- Clara Cicatiello & Luca Secondi & Ludovica Principato, 2019. "Investigating Consumers’ Perception of Discounted Suboptimal Products at Retail Stores," Resources, MDPI, vol. 8(3), pages 1-10, July.
- Heath Henderson, 2014. "Structural transformation and smallholder agriculture: an information-theoretic analysis of the Nicaraguan case," Agricultural Economics, International Association of Agricultural Economists, vol. 45(4), pages 443-458, July.
- Enrico Ciavolino & Antonio Calcagnì, 2014. "A generalized maximum entropy (GME) approach for crisp-input/fuzzy-output regression model," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(6), pages 3401-3414, November.
- Laureti, Tiziana & Secondi, Luca & Biggeri, Luigi, 2014. "Measuring the efficiency of teaching activities in Italian universities: An information theoretic approach," Economics of Education Review, Elsevier, vol. 42(C), pages 147-164.
- Rosa Bernardini Papalia & Esteban Fernandez-Vazquez, 2018. "Information theoretic methods in small domain estimation," Econometric Reviews, Taylor & Francis Journals, vol. 37(4), pages 347-359, April.
- Giacomini, Raffaella & Ragusa, Giuseppe, 2014. "Theory-coherent forecasting," Journal of Econometrics, Elsevier, vol. 182(1), pages 145-155.
- repec:lrk:lrkwkp:fiirs016 is not listed on IDEAS
- Axel Tonini & Roel Jongeneel, 2009. "The distribution of dairy farm size in Poland: a markov approach based on information theory," Applied Economics, Taylor & Francis Journals, vol. 41(1), pages 55-69.
- Miguel Henry & George Judge, 2019. "Permutation Entropy and Information Recovery in Nonlinear Dynamic Economic Time Series," Econometrics, MDPI, vol. 7(1), pages 1-16, March.
- Hyeok Lee & Yong Kyun Kim, 2018. "The effects of external shocks on the Korean economy: CGE model-based analysis," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-14, December.
- Wang, Yafeng & Graham, Brett, 2009. "Generalized Maximum Entropy estimation of discrete sequential move games of perfect information," MPRA Paper 21331, University Library of Munich, Germany.
- Arndt, Channing & Simler, Kenneth R., 2005.
"Estimating utility-consistent poverty lines,"
FCND briefs
189, International Food Policy Research Institute (IFPRI).
- Arndt, Channing & Simler, Kenneth R., 2005. "Estimating utility-consistent poverty lines," FCND discussion papers 189, International Food Policy Research Institute (IFPRI).
- Wobst, Peter & Arndt, Channing, 2004. "HIV/AIDS and Labor Force Upgrading in Tanzania," World Development, Elsevier, vol. 32(11), pages 1831-1847, November.
- Esteban Fernandez-Vazquez & Bart Los & Carmen Ramos-Carvajal, 2008. "Using Additional Information in Structural Decomposition Analysis: The Path-based Approach," Economic Systems Research, Taylor & Francis Journals, vol. 20(4), pages 367-394.
- Amos Golan & Stephen Vogel, 2000. "Estimation of Non-Stationary Social Accounting Matrix Coefficients with Supply-Side Information," Economic Systems Research, Taylor & Francis Journals, vol. 12(4), pages 447-471.
- de Figueiredo, Erik Alencar & Ziegelmann, Flávio Augusto, 2010. "Estimating income mobility using census data," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(21), pages 4897-4903.
- Nicole Branger, 2004. "Pricing Derivative Securities Using Cross-Entropy: An Economic Analysis," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 7(01), pages 63-81.
- Amos Golan & Enrico Moretti & Jeffrey M.Perloff, 2004.
"A Small-Sample Estimator for the Sample-Selection Model,"
Econometric Reviews, Taylor & Francis Journals, vol. 23(1), pages 71-91.
- Golan, Amos & Moretti, Enrico & Perloff, Jeffrey M., 2001. "A Small-Sample Estimator for the Sample-Selection Model," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4c82d2nv, Department of Agricultural & Resource Economics, UC Berkeley.
- Golan, Amos & Moretti, Enrico & Perloff, Jeffrey M., 2001. "A Small-Sample Estimator for the Sample-Selection Model," CUDARE Working Papers 25047, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Golan, Amos & Karp, Larry S & Perloff, Jeffrey M, 2000.
"Estimating Coke's and Pepsi's Price and Advertising Strategies,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 18(4), pages 398-409, October.
- Golan, Amos & Karp, Larry S. & Perloff, Jeffrey M., 1998. "Estimating Coke and Pepsi's Price and Advertising Strategies," Competition Policy Center, Working Paper Series qt18b1q4kr, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
- Golan, Amos & Karp, Larry & Perloff, Jeffrey M., 1999. "Estimating Coke and Pepsi's price and advertising strategies," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6rf8j6m4, Department of Agricultural & Resource Economics, UC Berkeley.
- Golan, Amos & Karp, Larry S. & Perloff, Jeffrey M., 1998. "Estimating Coke and Pepsi's Price and Advertising Strategies," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt18b1q4kr, Department of Agricultural & Resource Economics, UC Berkeley.
More about this item
Keywords
Generalized Cross Entropy; Generalized Maximum Entropy; Information; Maximum Entropy; Priors;All these keywords.
JEL classification:
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:127:y:2015:i:c:p:1-5. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.