Comparing Theories Of Endogenous Protection: Bayesian Comparison Of Tobit Models Using Gibbs Sampling Output

A-Tier
Journal: Review of Economics and Statistics
Year: 1998
Volume: 80
Issue: 1
Pages: 128-140

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Bayesian inference and model comparisons are easily performed quite accurately using Gibbs sampling, even if (1) the likelihood is analytically intractable and (2) nonstandard prior probability density functions (pdfs) are required. In this study Bayesian model comparisons are performed among five competing theories of endogenous protection. Tariff and nontariff barrier data from 1983 between the United States and five OECD partner countries--Japan, France, Germany, Italy, and the United Kingdom--are used in the analysis. Posterior odds based on two priors show special-interest models to be more likely than other models in determining U.S. protection. © 1998 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology

Technical Details

RePEc Handle
repec:tpr:restat:v:80:y:1998:i:1:p:128-140
Journal Field
General
Author Count
1
Added to Database
2026-01-25