Bayesian Approach and Identification

Andrzej Kocięcki

MPRA Paper from University Library of Munich, Germany

Abstract: The paper aims at systematic placement of identification concept within Bayesian approach. Pointing to some deficiencies of the standard Bayesian language to describe identification problem we propose several useful characterizations that seem to be intuitively sound and attractive given their potential applications. We offer comprehensive interpretations for them. Moreover we introduce the concepts of uniform, marginal and faithful identification. We argue that all these concepts may have practical significance. Our theoretical development is illustrated with a number of simple examples and one real application i.e. Structural VAR model.

Keywords: Bayesian; Identification (search for similar items in EconPapers)
JEL-codes: C01 C11 C51 (search for similar items in EconPapers)
Date: 2013-04-25
New Economics Papers: this item is included in nep-ecm
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Citations: View citations in EconPapers (1)

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