## A Bayesian analysis of labor supply and commodity demand |

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_ _ H _ MARTIN Abbott and Ashenfelter AﬁmO aggregation conditions AmﬁO_V Ammﬁ_V AmOO AmOO_V AMVO ANHO ANmO_V AVVO AOŽO_V AQMO Ashenfelter and Heckman AVmH_V AVQO AwOﬁ_V AmmO_V Barten Bayes estimator 2-5 Bayesian approach Bayesian Estimation CATHERWOOD LIBRARY classical restrictions COHV conventional estimators conventional tests Cournot aggregation covariance matrix demand equations demand for commodities demand functions Elasticities Elasticities Engel aggregation ﬁmN_ ﬁmO ﬁwO_ hypothesis of utility imosed iterate labor supply elasticities labor supply function likelihood function Lindley and Smith mean zero mﬁO_ mmﬁ_ mmm_ mmO_ mNO_ mON_ mOO_ mVO_ necessary for estimability negative nonlabor income normally distributed error nuisance parameters OLS Bayes Own-Price posterior distribution Princeton University prior densities prior information purposes of estimation restrictions arising Rotterdam sample Slutsky system of demand theoretical restrictions theory of demand utility function utility maximization utility theory variance wmO_