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What is the Causal Effect of Information and Learning about a Public Good on Willingness to Pay?
(University of Stirling, 2014)
In this study we elicit agents’ prior information set regarding a public good, exogenously give information treatments to survey respondents and subsequently elicit willingness to pay for the good and posterior information ...
Large Bayesian VARMAs
(University of Strathclyde, 2014-09-25)
Vector Autoregressive Moving Average (VARMA) models have many theoretical properties which should make them popular among empirical macroeconomists. However, they are rarely used in practice due to over-parameterization ...