Journal article icon

Journal article

Encompassing and Specificity.

Abstract:

A model M is said to encompass another model N if the former can explain the results obtained by the latter. In this paper, we propose a general notion of encompassing that covers both classical and Bayesian viewpoints and essentially represents a concept of sufficiency among models. We introduce the parent notion of specificity that aims at measuring lack of encompassing. Tests for encompassing are discussed and the test statistics are compared to Bayesian posterior odds...

Expand abstract
Publication status:
Published
Peer review status:
Not peer reviewed
Version:
Author's Original

Actions


Access Document


Files:
Publisher copy:
10.1017/S0266466600006964

Authors


Jean Pierre Florens More by this author
More by this author
Institution:
University of Oxford
Jean Francois Richard More by this author
Publisher:
Cambridge University Press Publisher's website
Journal:
Econometric Theory Journal website
Volume:
12
Issue:
4
Publication date:
1996-10-05
DOI:
URN:
uuid:791eae14-b8b4-4088-9756-716951d68867
Local pid:
oai:economics.ouls.ox.ac.uk:10416
Language:
English

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP