Recent advances in multivariate time series modeling techniques have produced statistical concepts and methods that may surpass many of the economic and antitrust market delineation procedures currently in use. The appropriateness of cointegration tests and vector error correction models for...

A previous paper by Weiner (1991) noted that many policy issues involving crude oil imports hinge on whether crude oil markets are unified or regionalized. Weiner observed that the literature on crude oil markets has paid little attention to the regionalization issue. However, a generalized...

Linear programming has long been used as a tool in agricultural planning. This paper presents and discusses a technique that can be used in conjunction with linear programming to evaluate 'nearly optimal' solutions. This technique is referred to as Nearly Optimal Linear Programming or Modelling...