This study used Monte Carlo simulations to study the performance of alternative lag selection criterion for symmetric lag and asymmetric lag vector autoregressive models. Lag models with short lags and with long lags were considered. The alternative criteria considered were the AIC, SIC,...

In this paper, a statistical model is developed to examine the determinants of the growing level of barter transactions in the US. Although a barter system is believed to be Pareto inferior to a money system, recent statistics of the estimated level of barter transactions in the US show a...