The likelihood for the Logit model is modified, so as to take account of uncertainty associated with mis-reporting in stated preference experiments estimating willingness to pay (WTP). Monte Carlo results demonstrate the bias imparted to estimates where there is mis-reporting. The approach is...

The analysis of business opinion data price expectations data in NZ is re-evaluated. Biases induced by inaccurate measurement of population proportions are accounted for using simulations and bootstrapping. While substantial biases in the parameters are identified, prices are found to be...

The Expectations Hypothesis (EH) for the term structure of UK monthly interest rates is tested using Johansen's procedure. Differing results are found depending on the method of lag length selection. The application of the stationary bootstrap reconciles these results, lending support to the...

This study, employs an extended EGARCH-M model and finds further support for the hypothesis that both inflation and deflation increase uncertainty about price movements.