Despite the increasing popularity of Bayesian inference in empirical research, few practical
guidelines provide detailed recommendations for how to apply Bayesian procedures and …

Publisher Summary The chapter presents a survey on home production. The terminology of
the theory of home production has been used to extend economic analysis to such diverse …

The marginal likelihood plays an important role in many areas of Bayesian statistics such as
parameter estimation, model comparison, and model averaging. In most applications, …

The paper tries to formalize the trichotomy of work in the market, work at home, and leisure.
Time is used at home to produce home goods that are perfect substitutes for market goods, …

We consider within the standard model the time-dependent decay rates of the three
processes B d 0 → D 0 K s , D 0 K s and D 1 0 K s , where D 1 0 is a neutral D meson CP-eigenstate. …

In the new approach to consumption theory, the consumption activity is regarded as a production
process in which time and goods are combined to produce utility. This new theory has …

There is some theoretical uncertainty in the predictions for CP-violating hadronic asymmetries
in neutral-B decays to CP eigenstates due to the existence of penguin diagrams. Using …

An increasing number of economists discussing the trade off between unemployment and
inflation have been trying recently to establish the microeconomic behavior giving rise to the …

Bayesian hypothesis testing presents an attractive alternative to p value hypothesis testing.
Part I of this series outlined several advantages of Bayesian hypothesis testing, including the …

Bayesian parameter estimation and Bayesian hypothesis testing present attractive alternatives
to classical inference using confidence intervals and p values. In part I of this series we …