Specification analysis with discriminating priors: an application to the concentration profits debate
讨论了模型设定不确定性和隐藏先验信念的问题,并应用Leamer的方法分析市场结构与绩效的关系,为不同公开先验假设提供设定分析。
Abstract The problem of uncertain specification and the role of hidden prior beliefs is discussed. The methods for analysing the importance of specification uncertainty developed by Leamer (1978) are discussed. When the maintained hypothesis under consideration is based on weak foundations the reporting of specification analyses for different publicly held prior hypotheses is advocated. These methods are applied to the analysis of the relationship between market structure and performance. Keywords: Specification UncertaintyModel SelectionBayesian Analysis