Estimation of Nonparametric Density from Sparse Summary Information: Densities of Undiscovered Oil

Information on observable economic and financial variables is sometimes limited to summary form. Therefore, in many practical situations, it is desirable to restrict the flexibility of nonparametric density estimators to accommodate information about the summary data as well as any prior information about the nature of the problem. Our nonparametric estimator is easy to implement and has an explicit algebraic structure. The motivation for this...