Estimating the Structure of Agricultural Investment: A Stochastic- Coefficients Approach

Two approaches, a flexibie-accelerator model and a stochastic-coefficients alternative, are used to estimate the structure of aggregate agricultural investment. Structural estimates of the adjustment rates for each model differ. The stochastic-coefficients model, however, performs better in out-of-sample forecasting.     

Robust methods in econometrics

This survey of recent developments in robust estimation and inference is directed primarily toward econometricians. It is argued that many of the techniques in common use in econometrics are highly sensitive to unverified hypotheses. Recent progress in designing alternative robust procedures is described and some prospects for future developments are discussed.     

Probability density function of quotient of order statistics from the pareto,power and weibull distributions

This paper deals with the probability density functions of quotient of order statistics. We use the Mellin transform technique, to find the distribution of the quotient Z= X/Xwhere X.,X(i < j) are the ith and jth order statistics from the Pareto, Power and Weibull distributions     

ANTITRUST ECONOMICS AND CONSUMER PROTECTION ECONOMICS IN POLICY AND LITIGATION: WHY THE DISPARITY?

The lag in the use of microeconomics in consumer protection policy and litigation—as compared with the use of microeconomics in antitrust/competition policy and litigation—has at least three causes: a considerably shorter period of intellectual development; the specific historical origins and culture of the U.S. Federal Trade Commission (FTC), where this disparity is especially noticeable; and the splintering of consumer protection responsibilities across a very large number of federal and state agencies. This paper will expand on these themes and discuss their implications—including the opportunities for expanded research in the area of consumer protection economics. (JEL B12, B13, B21, D18, L41)     

The impact of union-sponsored boycotts on the stock prices of target firms

An empirical analysis of the impact of union-sponsored boycotts on the stock prices of target firms strongly suggests that union boycott announcements initially lead to economically and statistically significant losses in the stock prices of the target firms. However, this short-term price decline is almost completely erased by rebounds in stock prices over the ensuing 15 trading days.     

Switching commuters from car to public transit: a micro modelling approach

This paper examines the perceptions and values of commuters in Toronto concerning public transit and the private car. Interviews were conducted at an office location readily accessible by car, bus or subway. Respondents were characterized by their predominant commuting mode and provided ratings of the perceived benefits of the modes available. Respondents then completed a conjoint analysis task designed to estimate their trade-offs, or the extent to which they were prepared to sacrifice on one aspect of a commuting journey in order to gain on another. The conjoint analysis used a fractional factorial design allowing main effects and two way interactions to be estimated.The conjoint analysis methodology is used to develop benefit segments and evaluate methods of marketing public transit.     

A standard methodology for the analysis,recording, and control of verbal behavior

The Analysis of Verbal Behavior - Lack of a standard methodology has been one of the major obstacles preventing advancement of behavior analytic research in verbal behavior. This article presents a...