Model choice and size distribution: a Bayequentist approach

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

We propose a new three-step model-selection framework for size distributions in empirical data. It generalizes a recent frequentist plausibility-of-fit analysis (Step 1) and combines it with a relative ranking based on the Bayesian Akaike Information Criterion (Step 2). We enhance these statistical criteria with the additional criterion of microfoundation (Step 3) which is to select the size distribution that comes with a dynamic micro model of size dynamics. A numerical performance test of Step 1 shows that our generalization is able to correctly rule out the distribution hypotheses unjustified by the data at hand. We then illustrate our approach, and demonstrate its usefulness, with a sample of commercial cattle farms in Namibia. In conclusion, the framework proposed here has the potential to reconcile the ongoing debate about size distribution models in empirical data, the two most prominent of which are the Pareto and the lognormal distribution.
OriginalspracheEnglisch
ZeitschriftAmerican Journal of Agricultural Economics
Jahrgang97
Ausgabenummer3
Seiten (von - bis)978-997
Anzahl der Seiten20
ISSN0002-9092
DOIs
PublikationsstatusErschienen - 04.2015

DOI

Zuletzt angesehen

Publikationen

  1. Implications of financial transaction costs on the real economy
  2. Monitoring im Rahmen der Strategischen Umweltprüfung
  3. Heritage, culture and artistic reciprocity
  4. Organisation
  5. Horizontal portability
  6. Two temperatures for one thermostat: The evolution of policy attitudes and support for independence in Catalonia (1991–2018)
  7. Carbon labelling of grocery products
  8. Demand Chain Management
  9. Radical right populism and religion
  10. Clean energy storage technology in the making
  11. Der unversicherte Sprachschaden
  12. Foreign Ownership and the Extensive Margins of Exports
  13. Wer fraß die Geburtstagstorte?
  14. Measuring Effective Democracy
  15. Governing the co-production of nature's contributions to people
  16. Dialogorientierte Nachhaltigkeitsberichterstattung im Internet
  17. Entscheide du
  18. Entwicklung und Qualitätssicherung von Anwendungssoftware
  19. Democratising platform governance in the sharing economy
  20. Sekem – Humanistic Management in the Egyptian Dessert
  21. The Aging of the Unions in West Germany, 1980-2006
  22. Intermission at the Combat Zone
  23. A "Studium generale" for German speaking Europe
  24. Sailing together
  25. Ansätze zu einer vernetzten Unternehmensplanung
  26. Weaponising Investments
  27. In search of simplification
  28. Community wind and solar
  29. Legitimizing climate policy: The "risk construct" of global climate change in the German mass media
  30. Corporate Sustainability Accounting: Beyond Unfreezing
  31. Phone Wars under Mobile Connectivity
  32. Critical assessment of models for transport of engineered nanoparticles in saturated porous media
  33. Stories of favourite Places in public spaces
  34. Recycling and reuse of food waste
  35. Protected area management in a post-natural world
  36. Queering