Showing 1 - 10 of 38
Isard’s vision of integrated modeling that was laid out in the 1960s book Methods of Regional Science provided a road map for the development of more sophisticated analysis of spatial economic systems. Some forty years later, we look back at this vision and trace developments in a sample of...
Persistent link: https://www.econbiz.de/10005407841
Using a sample of fisheries managed under the Magnuson Act, a probit model of the probability of property rights …
Persistent link: https://www.econbiz.de/10005076643
of Icelandic fisheries. None of these reformatory processes can be said to be a replica of any of the other processes. It … common pattern for all the fisheries, however. First of all, serious attempts to reform management practices start when the … participants has been closed. Fourthly, prior to the invention of the ITQ system, prices were used to manage fisheries in Iceland …
Persistent link: https://www.econbiz.de/10005076884
Flaaten’s (1991) study on competing species conjectures that a higher price (harvesting costs) of one species yields a lower (greater) own stock-size and a greater (lower) stock-size of the competing species. I show both conjectures are wrong.
Persistent link: https://www.econbiz.de/10005407779
In January 2003, the Government asked the Commission to undertake a study into the Mutual Recognition Agreement (MRA) and Trans-Tasm an Mutual Recognition Arrangement (TTMRA).
Persistent link: https://www.econbiz.de/10005135060
The Commission was asked to review the National Third Party Access Regime for Natural Gas Pipelines. The review sought to assess the benefits and costs of the Regime, including its effects on investment. The Commission’s preliminary findings were released for public comment in December 2003...
Persistent link: https://www.econbiz.de/10005561783
This paper is an empirical study of the uncertainty associated with estimates from stochastic frontier models. We show how to construct confidence intervals for estimates of technical efficiency levels under different sets of assumptions ranging from the very strong to the relatively weak. We...
Persistent link: https://www.econbiz.de/10005062533
We investigate confidence intervals and inference for the instrumental variables model with weak instruments. Wald-based confidence intervals perform poorly in that the probability they reject the null is far greater than their nominal size. In the worst case, Wald-based confidence intervals...
Persistent link: https://www.econbiz.de/10005407967
parameters in this model remain unknown. This study attempts to investigate these properties through a non-parametric bootstrap … varying the number of bootstrap replications. Results of this study show that their empirical distribution are asymmetrical in … interesting point worth mentioning is that the minimum number of replications needed for the bootstrap confidence interval to be a …
Persistent link: https://www.econbiz.de/10005408278
In this paper we consider the problem of making inference on a structural parameter in instrumental variables regression when the instruments are only weakly correlated with the endogenous explanatory variables. Adopting a local-to-zero assumption as in Staiger and Stock (1994) on the...
Persistent link: https://www.econbiz.de/10005556384