Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/233813
Authors: 
Brünner, Tobias
Year of Publication: 
2021
Series/Report no.: 
LEAF Working Paper Series No. 21-01
Abstract: 
This note provides the details of the estimation procedure in Brünner (2019). In Section 2 we derive the posterior distribution. Section 3 describes the MCMC algorithm used to obtain draws from the posterior distribution and in Section 4 we present the method for our model check. We conclude with a presentation of the estimation results.
Subjects: 
transaction cost
call market
asymmetric information
Bayesian econometrics
Monte Carlo Markov Chain algorithm
JEL: 
D82
G14
C11
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.