This Plan B paper improves and expands on the work of Wang (2011). Using data from the Consumer Expenditure survey and the American Community Survey we estimate regional food expenditures for 19 food categories in Southeast Minnesota and the Twin Cities Metro. Wang's original research almost...

Price endogeneity has been ignored in previous analyses of food demand in China. We exploit farm price data collected from the China National Bureau of Statistics to account for price endogeneity using reduced form price equations. Applying our unique econometric approach to the analysis of...

Suppose that members of a society are accorded status as both economic and political agents. If the polity responds to the same actors for whom economic policy matters, a simultaneity of political and economic determination is introduced. The first goal of the research presented here concerns...

We demonstrate that Theil-type variance corrections are required to obtain consistent marginal effect estimates in Nelson-Olsen's two-stage limited dependent variable (2SLDV) model. As Theil's residuals-based corrections are infeasible with 2SLDV, we present variance correction procedures shown...

A common approach in the literature, whether the investigation is about futures price risk premiums or biases in option-based implied volatility coefficients, is to use samples in which consecutive observations can be regarded as uncorrelated. That will be the case for non- overlapping forecast...