Information and Entropy Econometrics – Editor’s View
نویسنده
چکیده
Amos Golan Department of Economics, American University, Roper 200, 4400 Massachusetts Ave., NW, Washington, DC 20016, USA.
منابع مشابه
Bayesian measurement of productivity and efficiency in the presence of undesirable outputs: crediting electric utilities for reducing air pollution
Many studies have measured productivity change and efficiency when an undesirable output is a by-product. We flexibly treat the bad as a technology shifter of an input distance function and model a system of nonlinear equations subject to endogeneity. Theory dictates that we impose monotonicity on all inputs, outputs, and the bad. Since a Bayesian full-information likelihood approach can easily...
متن کاملEntropy of a semigroup of maps from a set-valued view
In this paper, we introduce a new entropy-like invariant, named Hausdorff metric entropy, for finitely generated semigroups acting on compact metric spaces from a set-valued view and study its properties. We establish the relation between Hausdorff metric entropy and topological entropy of a semigroup defined by Bis. Some examples with positive or zero Hausdorff metric entropy are given. Moreov...
متن کاملA multi agent method for cell formation with uncertain situation, based on information theory
This paper assumes the cell formation problem as a distributed decision network. It proposes an approach based on application and extension of information theory concepts, in order to analyze informational complexity in an agent- based system, due to interdependence between agents. Based on this approach, new quantitative concepts and definitions are proposed in order to measure the amount of t...
متن کاملEmpirical versus exogenous spatial weighting matrices: an entropy-based intermediate solution
The classical approach to estimate spatial models lays on the choice of a spatial weights matrix that reflects the interactions among locations. The two main alternative proposals to specify the structure of these weights may be called exogenous and endogenous procedures. In this paper, we propose an intermediate solution by using entropy econometrics. The basic idea is that, once an exogenous ...
متن کاملInformation and Entropy Econometrics — A Review and Synthesis ∗
The overall objectives of this review and synthesis are to study the basics of information-theoretic methods in econometrics, to examine the connecting theme among these methods, and to provide a more detailed summary and synthesis of the sub-class of methods that treat the observed sample moments as stochastic. Within the above objectives, this review focuses on studying the inter-connection b...
متن کامل