Mark H. Maier. <bold>The Data Game: Controversies in Social Science Statistics</bold>, 3rd ed. Armonk, N.Y.: M. E. Sharpe, 1999. 332 pp.

This paper examines the role of Supporters Direct, a sports policy initiative launched by the British Labour government in 2000. The objective of Supporters Direct is to democratise football clubs by intervening in what it views as the unequal relationship that exists between the relatively...

This paper reports the results of an hedonic pricing analysis of a regional thoroughbred auction market, adding to a literature which has been built mainly on data from elite auction markets. The main contribution of the paper is the finding that the role of the dam in affecting yearling price,...

This paper illustrates that the cost of regulation can be negative when regulation-induced innovation has a stochastic element. There are two aspects to this finding. First, if the firm is risk neutral then regulation necessarily raises expected costs but costs can be lower ex post for some...

When supply and demand are recursive, with uncorrelated cross-equation errors, least-squares estimation has no simultaneous-equation bias. Supply to a daily fish market is determined by the previous night's catch; hence this would appear to be a good example of a recursive market. Despite this,...

A Guide to Econometrics has established itself as a preferred text for teachers and students throughout the world. It provides an overview of the subject and an intuitive feel for its concepts and techniques without the notation and technical detail that characterize most econometrics textbooks....

In an earlier Foresight article, William Bassin proposed a theoretical rule of thumb to choose between including or excluding an explanatory variable in a regression model. Peter takes a critical look at that rule of thumb, and he shows that it is based on the unrealistic assumption of zero...

To compute the Blinder-Oaxaca decomposition and associated standard errors a practitioner needs to be comfortable using vector and matrix software manipulations. This paper proposes a computational trick for producing these computations by running an artificial regression.