Abstract This paper considers the problem of prediction in a panel data regression model with spatial autocorrelation in the context of a simple demand equation for liquor. This is based on a panel of 43 states over the period 1965–1994. The spatial autocorrelation due to neighbouring states...

This paper considers the problem of prediction in a panel data regression model with spatial autocorrelation in the context of a simple demand equation for liquor. This is based on a panel of 43 states over the period 1965-1994. The spatial autocorrelation due to neighboring states and the...

Research in empirical health economics has found that the relationship between medical expenditures and age, income and other variables can be highly nonlinear. Moreover, men and women can have quite different medical expenditure patterns due to their differences in life expectancy. Thus it may...

The cross-price elasticity concept can be difficult for microeconomics students to grasp. The authors provide a real-life application of cross-price elasticities in policymaking. After a debate that spanned more than a decade and included input from safety engineers, medical personnel,...

This paper derives Lagrangian multiplier (LM) tests to jointly test for functional form and spatial error correlation. In particular, this paper tests for linear and log-linear models with no spatial error dependence against a more general Box-Cox model with spatial error correlation....

Numerous studies have investigated dynamic pricing for perishable products. The models have been designed to determine an optimal pricing structure and improve retailer performance. Previous studies on pricing models for perishable products have considered various assumptions of consumer demand...

In this work, the stability issues of the equilibrium points of multi-delayed cellular neural networks with impulsive effects are investigated. Based on the method of linear matrix inequality (LMI) and parameterized first-order model transformation, several new delay-dependent and...

We investigate the role of the spatial pattern and temporal dynamics on the population properties of a diffusive Gause–Lotka–Volterra system. The average total population size is insensitive to the temporal dynamics, whereas a significant decrease of the population size can be found as the...

This paper develops a new dynamic network economic model of Cournot-Nash competition for a service-oriented Internet in the case of service differentiation and quality competition. Each service provider seeks to maximize its own profit by determining its service volumes and service quality. We...