Formal approaches to assess the validity of spatial theoretical constructs are reviewed and
evaluated with respect to their application and potential in spatial econometrics. A distinction …

Non-nested hypothesis tests provide a way to test the specification of an econometric model
against the evidence provided by one or more non-nested alternatives. This paper surveys …

Spatial econometrics deals with spatial dependence and spatial heterogeneity, critical
aspects of the data used by regional scientists. These characteristics may cause standard …

A Guide to Modern Econometrics, 5th Edition has become established as a highly
successful textbook. It serves as a guide to alternative techniques in econometrics with an …

There is growing evidence that capital structure and firm strategy are linked but most studies
to date have focused on large, publicly quoted firms, with little attention given to small and …

This paper is an empirical examination of the determinants of aggregate health care
expenditure. The paper presents a systematic analysis of relationships across 19 OECD …

Household survey data for 10 countries are used to quantify and test the importance of price
and nonprice factors on residential water demand and investigate complementarities …

This paper examines the effect of income on car ownership, and specifically the question of
hysteresis or asymmetry. Although there is little doubt that rising income leads to higher car …

The absolute and relative impact of current quality and reputation variables on consumer
decisions are examined using data from the market for Bordeaux wine. The estimates …

We explore the widespread methodology of using demand information to infer market
conduct and unobserved cost components under the hypothesis of static oligopoly behavior …