This chapter offers a comprehensive survey of the economic analysis of advertising. A first
objective is to organize the literature in a manner that clarifies what is known. A second …

Agricultural commodities are typically produced over an extensive spatial area and are
costly to transport relative to their total value. These characteristics yield a complex set of …

The USA has been facing difficulties in attaining the objectives of Sustainable Development
Goal (SDG) 7 (Affordable and Clean Energy). One of the major reasons behind this is the …

We propose and evaluate explicit tests of the null hypothesis of no difference in the accuracy
of two competing forecasts. In contrast to previously developed tests, a wide variety of …

A general definition of causality is introduced and then specialized to become operational.
By considering simple examples a number of advantages, and also difficulties, with the …

Given two sources of forecasts of the same quantity, it is possible to compare prediction
records. In particular, it can be useful to test the hypothesis of equal accuracy in forecast …

Forecast evaluation often compares a parsimonious null model to a larger model that nests
the null model. Under the null that the parsimonious model generates the data, the larger …

Purpose–The purpose of this paper is first, to discuss the theoretical assumptions, qualities,
problems and myopia of the dominating quantitative and qualitative approaches; second, to …

Firms allocate their limited resources between two fundamental processes of creating value
(ie, innovating, producing, and delivering products to the market) and appropriating value …

We examine the asymptotic and finite-sample properties of tests for equal forecast accuracy
and encompassing applied to 1-step ahead forecasts from nested linear models. We first …