This study analyzes whether economic conditions at the time of labor market entry affect entrepreneurship, using difference in business start-ups between cohorts of college students graduating in boom or bust economic conditions. Those graduating during an economic bust tend to delay their...

We explore the relation between two 'rationality conditions' for stochastic choicebehaviour: regularity and the weak axiom of stochastic revealed preference (WASRP). We show thatWASRP implies regularity, but the converse is not true. We identify a restriction on the domain ofthe stochastic...

This paper emphasizes the elements of good practice, which are important to the implementation of road user charging concerning the process of the implementation of travel plans.

In the present paper we discuss the problem of estimating model likelihoods from the MCMC output for a general mixture and switching model. Estimation is based on the method of bridge sampling (Meng and Wong, 1996), where the MCMC sample is combined with an iid sample from an importance...

This paper applies production theory to define a new set of inputs for U.S. households over the post-World War II period and uses newly constructed data on some of these inputs to fit a completehousehold-demand system, including inputs of women’s and men’s housework, and seven other...

Recreation demand models typically incorporate measures of the physical attributes of recreational sites; e.g., Secchi depth or phosphorous levels in case of water quality. Moreover, most studies show that individuals do respond to these physical characteristics in choosing where to recreate....

Students in majors with higher average quantitative GRE scores are less likely to attend graduateschool while students in majors with higher average verbal GRE scores are more likely to attendgraduate school. This sorting effect means that students whose cognitive skills are associatedwith lower...

This paper applies production theory to define a new set of inputs for U.S. households for thepost-war II period, tests the new inputs to see if they support a complete household-demandsystem, and reports a new social cost-of-living index. The data support a demand system withnine major input...

This paper presents new econometric evidence on state government’s demand for resources to support local agricultural experiment station research. The econometric model consists of a complete-demand system covering four major resource sources, and it is fitted to annual observations on 48...

Two interested parties dominate the current debate on genetically modified (GM) foods: environmental groups and agribusiness companies. For the average consumer to arrive at an informed decision on these new foods, they must rely on information from interested parties. Unfortunately, information...